Section 7, Unit 5: PITI Workshop and Practice

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

A homeowner's monthly mortgage payment is $580.23. If the taxes are $83.33 and the insurance is $41.66, how much of the monthly payment is principal plus interest?

$455.24

In calculating PITI for a mortgage payment, the annual taxes and insurance are divided by ______ and are added to the monthly principal and interest payment to make up the total monthly payment.

12

In the early years of a mortgage loan term, which portion of the payment is likely to be the largest?

Interest

What do property taxes in a mortgage payment pay for?

The cost of public services as a percentage of the property value


संबंधित स्टडी सेट्स

FIL 190 Chapters 1-4 Exam 1 MC Study Guide

View Set

Information Systems Security Midterm Review

View Set

11. 2 Designing the Business Model

View Set

4 - Peritoneum and Upper Abdominal

View Set

ACC 202 Exam 2 Break-Out Questions

View Set

Mucosa cells: Function and location

View Set

Chapter 4: Cell Injury, Aging, and Death

View Set

Assessment- Intelligence, Achievement, Aptitude

View Set