You’ve probably come across the PITI at some point. For the uninitiated, this refers to four of the very common recurring costs of real estate ownership: principal, interest, taxes, and insurance.
Obviously, these four costs are not universal: properties without associated debt won’t have a principal or interest cost. Nor are they comprehensive: many other types of cost (for instance, repairs and property management fees) certainly abound.
But these four costs are generally lumped together for the a few reasons. First, they’re common—relatively few instances