General Mortgage KnowledgeQuestion 141 of 400
P&I is $1,100/month, monthly taxes are $250, monthly insurance is $90, and monthly PMI is $60. What is the total PITI payment?
a.$1,500
b.$1,440
c.$1,350
d.$1,410
Explanation
PITI = $1,100 + $250 + $90 + $60 = $1,500. $1,440 omits PMI, $1,410 omits insurance, and $1,350 omits both partially.
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