Posted by **james** on Monday, May 2, 2011 at 10:38pm.

A couple finances a house valued at $150,000. The monthly principal and interest payment has been determined to be $599.32. Taxes on the property are estimated to be $621 per year. Insurance on the property is projected to cost $685 per year.

The monthly PITI payment is: $ 1

- math -
**MathMate**, Tuesday, May 3, 2011 at 7:55am
PITI means Principal, interest, taxes and insurance.

Add up the items, and you have the PITI payment.

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