Skip to main content
Something special is on the way! is getting a whole new look on May 1, with great features that make everything easier to find. We can’t wait to show you what we’ve been working on.


Start learning and planning.
Mortgage Payment Balance

The acronym PITI stands for principal, interest, taxes, and insurance. These are the four components that make up a monthly mortgage payment.

When determining your eligibility for a loan, your mortgage lender will look at your debt-to-income ratios, comparing your PITI (or PITI combined with other debt) to your monthly gross income. This helps them to determine how much you can afford.

The infographic below helps to illustrate how each component is different. We have also provided examples of the average home cost and the associated PITI for the states that First Bank serves. We hope it helps!


Related Posts from the Mortgage Center: