Does monthly payment quote mean pricipal and interest?

Typically yes. That would be your p&I payment. If you want your total. that would be PITI

Who ever is providing the 'payment quote' should specify if it includes taxes and insurance (T&I) and or mortgage insurance (MI).

It could be, but what you really want is to make sure it included the tax and insurance and principal and intrest and MI if needed. that would be a complete monthly payment. WWW. HOMEMORTGAGEXPERT.COM PETER SAVINO

Conventional loan, yes; with FHA it will also include taxes and insurance, both hazard insurance and mutual mortgage insurance.

Lender needs to specify if it is P&I (principle and interest) or PITI (principle, interest, tax and insurance). If above 80% equity on a conventional there will be MI (mortgage insurance).....

Richar, the monthly payment typically includes principal, interest, taxes and insurance to determine your total monthly payment.

Yes... that is the typical way of quoting