What happens if a member's PITI is greater than their current rent?

When a member's PITI (Principal, Interest, Taxes, and Insurance) is greater than their current rent, it indicates that their housing expenses will increase with homeownership compared to what they have been paying in rent. This scenario suggests that the member may need to prepare financially to accommodate this higher cost.

The option indicating that additional savings will equal the difference highlights the necessity for the member to set aside more funds in anticipation of their increased monthly mortgage payment. By saving the difference between their current rent and the new PITI, the member can create a financial buffer to ensure that they can meet their new housing expenses comfortably.

In the context of financial preparation for homeownership, it's prudent for individuals to understand the changes in their budget that come with purchasing a home. The correct answer emphasizes the importance of building up savings to cover the gap between their former rent payments and the new, higher costs associated with mortgage payments and associated expenses.