Definition of "Housing Expense"

Shauna M. Talbot real estate agent
Shauna M. Talbot, Real Estate Agent Talbot Realty LLC (MD)
Blue Wave Realty (FL)

The sum of the monthly mortgage payment, hazard insurance, property taxes, and homeowner association fees. Housing expense is sometimes referred to as PITI, standing for principal, interest, taxes, and insurance.

 

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