Online and Mobile Banking Update: September 24.
As part of our commitment to delivering the best online and mobile banking experience for our customers, we’re here to help you prepare. Learn more about service interruptions, how to prepare and helpful next steps for personal and business banking.

Principal, Interest, Taxes and Insurance (PITI)

Definition

The four components of a monthly mortgage payment. Principal refers to the part of the monthly payment that reduces the remaining balance of the mortgage. Interest is the fee charged for borrowing money. Taxes and insurance refer to the monthly cost of property taxes and homeowner’s insurance.

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