This term stands for principal and interest.

The combination of financial elements that generally comprise a conventional monthly mortgage payment when the borrower does not have an impound account.

The term used to refer to regularly scheduled payments or prepayments of principal and interest on mortgage securities.

Principal and interest due on a mortgage.

Principle & Interest. This refers to the principal and interest portions of a monthly mortgage payment.

Abbreviation for principal and interest.

Principal & Interest. Principal is the portion of the mortgage payment that goes to reduce the outstanding balance of the loan. Interest is the portion of the mortgage payment that goes to pay the finance charge on the outstanding balance of the loan. You pay a portion of these each month as part of your monthly mortgage payment.

(P)rincipal and (I)nterest the monthly payment required when repaying a mortgage in accordance with its terms.

Penalty and interest.

Principal and Interest Payment – A periodic (usually monthly payment that includes the interest charges for the period plus an amount applied to the amortization of the principal balance.

Principal and interest payments.

The monthly principal and interest payment required when repaying a mortgage in accordance with its terms.