What does Mortgage P & I mean?

red calculator and handP & I stands for Principal (P) and Interest (I).

Most, but not all, mortgage loans are “amortizing” and consist of payments that include both principal & interest.

When people refer to “mortgage payments”, they generally mean the total P & I amount.

Sometimes the “mortgage payment” also includes an escrow item (e.g., real estate taxes), as well.

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