PITI

PITI stands for Principal, Interest, Taxes, and Insurance — the four components that make up a total mortgage payment. Lenders use PITI as the monthly housing cost when calculating debt-to-income ratio for qualification.

• Principal: loan balance paydown each month
• Interest: cost of borrowing
• Taxes: property taxes (often escrowed monthly)
• Insurance: homeowners insurance (and PMI if applicable)

For investment properties, lenders sometimes use PITIA (adding HOA fees) or look at DSCR-style cash flow coverage instead of DTI.

Why it matters for Milo customers

Milo's qualifying methods often look beyond traditional DTI/PITI ratios. For self-custody mortgages, crypto reserves can offset income gaps; for DSCR loans, rental income covers the PITI directly. But the PITI math still drives what your actual monthly check writes to.

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