Which of the following typically represents the largest cash expenditures incident to home ownership?
A)utility services (water, electricity, gas)
B)maintenance costs
C)PITI (principal, interest, insurance, and taxes)
D)property taxes

Question

Which of the following typically represents the largest cash expenditures incident to home ownership?​
A)utility services (water, electricity, gas)
B)maintenance costs
C)PITI (principal, interest, insurance, and taxes)
D)property taxes

Quizplus · Accepted Answer

C) PITI (principal, interest, insurance, and taxes) typically represents the largest cash expenditure for homeowners. This is because it encompasses the mortgage payment (both the principal and the interest), as well as property taxes and homeowner's insurance, all of which are substantial expenses.

Which of the Following Typically Represents the Largest Cash Expenditures