Housing Expense


Definition of "Housing Expense"

Shauna M. Talbot
Shauna M. Talbot 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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ