PITIA is the full monthly cost of owning a property, used by lenders to calculate debt service coverage.
- P — Principal (loan balance reduction)
- I — Interest
- T — Property Taxes
- I — Insurance (hazard/landlord)
- A — Association dues (HOA, condo fees)
DSCR lenders typically use PITIA as the annual debt service figure: DSCR = NOI ÷ (PITIA × 12).