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# How do you calculate piti?

**2 Answers**

P.I.T.I. is an acronym that helps you remember the different components of a mortgage payment: Principal, Interest, Taxes, and Insurance. To calculate P.I.T.I., combine those elements. The total is what you pay to your lender each month toward the mortgage on your home.

Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations: Monthly Income X 28% = monthly PITI. Monthly Income X 36% - Other loan payments = monthly PITI.