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 Property Card Interpretation PCI Application 2023-2024

2023-2024 Form

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- Hey everyone, My name is Paula Vojchehoske and welcome to the real estate classroom YouTube channel. In this real estate math video I'm gonna show you how to calculate what's called P.I.T.I. Stands for principal, interest, taxes and insurance and you have to know that for your real estate exam. So let's get to today's video. (upbeat music) So in today's video I'm gonna show you how to calculate P.I.T.I. which stands for principal, interest, taxes and insurance. That's the four parts of your monthly mortgage payment. And then I'm gonna do a practice problem a hypothetical problem that you might see a similar type problem on your real estate exam. But I wanna cover what P.I.T.I is first before we get to any calculations. On your screen there P.I.T.I as I said stands for principle, which is the amount that has been loaned to you by the lending institution. The interest is the interest that you're paying on that money that's been loaned to you. Then we have our annual property taxes and

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