Finance
A NH buyer's PITI payment includes all of the following EXCEPT:
APrincipal and interest on the mortgage
BProperty taxes
CHomeowner's insurance premium
DHOA dues✓ Correct
Explanation
PITI stands for Principal, Interest, Taxes, and Insurance—the components of the monthly mortgage payment collected by the lender. HOA dues are an additional expense but are not part of the PITI payment collected by the mortgage servicer.
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