Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > P&I P&I November 9, 2021 The monthly principal and interest payment required when repaying a mortgage in accordance with its terms.You Might Also Like: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas