Monthly Housing Expense


Definition of "Monthly Housing Expense"

Cathy Hunter
  Coldwell Banker

Same as term housing expense. 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.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Cape Cod Colonial House

Early American style 1 story house with a steep gable roof covered with shingles. The bedrooms are o ...

Fayol, Henri

French industrialist whose thesis is that all business activities revolve around six areas: technica ...

Projected Dividend

Estimated future dividends to be paid by a participating insurance policy. These dividend estimation ...

Shopping Center

Retail businesses in the same locality having a parking lot servicing them. The center may contain a ...

Widow's Walk

Platform erected on a roof in some New England homes having a view of the sea. It was said widows of ...

Reinsurance Facility

pool that contains various reinsurance companies with each sharing reinsurance contracts on a pro r ...

Related Real Estate FAQ

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Rent or Buy - the pros and cons Getting Ready to Sell? Don't make these DIY Mistakes! 3 tips to ensure your sale goes through 10 Tips for Homebuyers Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

What is cooperative? What is a proration? What is a maintenance fee? What if they no longer make my specific computer? I need Hospital Insurance in addition to my current health insurance policy?