Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Principal & Interest Principal & Interest November 9, 2021 The payment required to repay a mortgage in accordance with its terms. Sometimes referred to as “P&I”.You Might Also Like: Living QuartersFirst-Time Homebuyer’s Playbook: 4 Steps to a Successful Offer Everyday MoneyBank Holidays: Understanding Their Impact on Deposits and Transactions Living QuartersMortgage Lending for Veterans at Bank Five Nine All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work?