Newbie question on Notes

[Alex Stepanov]

Greetings everyone!

First, I apologize for asking something that must be obvious for most people on BP. I have recently started poking around notes (mostly out of curiosity and for my own education) and one thing that I can't figure out - when they refer to a "monthly payment amount" on a note, does that mean PI or PITI? In other words, does the advertised payment normally include the taxes etc. that normally would go into the impound?

Thanks in advance!
Alex