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PITI: Dominant, Focus, Fees, and Insurance policies: the newest five elements of a month-to-month mortgage payment; payments from dominating and you will appeal wade really into paying down the borrowed funds because portion which covers taxes and you may insurance policies (homeowner’s and you may home loan, if appropriate) goes into a keen escrow membership to cover charges when they try due.
PITI Supplies: a cash number you to definitely a borrower should have easily accessible shortly after and come up with a deposit and you may investing most of the settlement costs on acquisition of a house. 続きを読む →