07/02/2026
Your mortgage payment isn't just one number — it's actually four parts working together, known as PITI:
🏠 Principal – pays down the amount you borrowed
💰 Interest – the cost of borrowing that money
📋 Taxes – property taxes, collected monthly and held in escrow
🛡️ Insurance – homeowners insurance, plus PMI if your down payment was under 20%
Knowing what each part does makes it easier to read your statement and plan your budget. Save this for next time you're reviewing your payment.
Questions? Happy to help - 610-202-9031, www.swarnamareddy.com
MLO - Swarna Mareddy
NMLS #2427430
Mortgage Network Solutions
📞 (302) 252-0100
🌐 https://mortgagens.pulse.ly/kzr7nnxsm7
🏠 NMLS #58096 | Equal Housing Opportunity