Track your PITI to save money on your mortgage
We’ll find savings today - get alerts every month and when things change.
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We’ll find savings today - get alerts every month and when things change.
Get Started
PITI stands for Principal, Interest, Taxes, and Insurance - the four essential components that make up your monthly mortgage payment.
When you know exactly what makes up your mortgage payment, you gain the power to optimize each component and potentially save thousands over the life of your loan.
Your complete
mortgage payment
Your mortgage payment is more than just paying back what you borrowed. It's a combination of:
The amount you borrowed and need to repay - this builds your home equity.
The fee you pay your lender for borrowing the money - often your largest expense.
Property taxes collected by your local government - typically held in escrow.
Homeowners insurance that protects your property and meets lender requirements.
The principal is the actual amount you borrow to purchase your home. As you make mortgage payments, a portion goes toward reducing this balance, gradually building your home equity. In the early years of your mortgage, a smaller percentage of your payment reduces principal.
Learn how to build equity fasterInterest is the cost of borrowing money, calculated as a percentage of your remaining principal. Initially, the largest portion of your payment goes toward interest. Securing a lower interest rate can save you tens of thousands over the life of your loan - even a 0.5% reduction makes a significant difference.
Discover how to lower your rateProperty taxes fund local services like schools, roads, and emergency services. These vary significantly based on location and property value. Most lenders require these to be included in your monthly payment and held in an escrow account. Many homeowners are unaware they can appeal their tax assessment.
See if your taxes are too highHomeowners insurance protects your property and is typically required by mortgage lenders. Your premium depends on factors like home value, location, and coverage level. Many homeowners overpay for insurance by not shopping around or having inappropriate coverage levels for their needs.
Find insurance savings
We analyze your PITI breakdown to identify which components have the most opportunity for savings. Our AI examines your current rates against market benchmarks.
We provide specific recommendations for each PITI component, showing you exactly where you could be saving money and how much you could save monthly and over the life of your loan.
Choose which optimization strategies work for you - whether it's refinancing for a lower interest rate, appealing your property tax assessment, or finding better insurance rates.
Increased Equity By: $10,200/yr
Property Type: Primary Residence
- Jennifer
Reduced Interest By: $5,000/yr
Property Type: Primary Residence
- Michael
Reduced Taxes By: $1,800/yr
Property Type: Primary Residence
- James
Reduced Interest By: $3,500/yr
Property Type: Investment Property
- Sarah
Reduced Insurance By: $800/yr
Property Type: Primary Residence
- Emma
Reduced Interest By: $3,770/yr
Property Type: Primary Residence
- David
| Service | Fee | Description |
|---|---|---|
| Weekly Interest Rate Alerts |
Free
|
Free notifications when rates drop below your threshold to refinance |
| Full PITI Analysis & Recommendations |
$15/mo or $100/year
|
Complete breakdown of your mortgage payment with personalized optimization strategies |
| Property Tax Assessment Review |
$15/mo or $100/year
|
Analysis of your property tax assessment to identify appeal opportunities |
| Insurance Cost Comparison |
$15/mo or $100/year
|
Shop multiple carriers to find better coverage at lower rates |
There are many misconceptions about mortgages and PITI that could be costing you money.
FALSE: While it's technically possible to refinance soon after purchase, your lender may lose money on your original loan. Some lenders may impose waiting periods, but this is not legally enforceable.
FALSE: This saying emerged in 2022 from realtors suggesting you can always refinance later. However, rates have stayed elevated for over 2 years, leaving many homeowners still waiting for that opportunity to "date a new rate.". This has cost them tens of thousands of dollars.
FALSE: While your principal and interest may remain fixed, the "T" and "I" in PITI can change over time. Property taxes frequently increase with assessments, and insurance premiums often rise annually, affecting your total payment.
Get a personalized analysis to avoid these PITI surprises
