Term: Principal

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The amount of the entire mortgage loan, not counting interest. Also, as a part of PITI, the amount of the monthly mortgage payment which does not include the interest, insurance, and taxes.

From Millennials to Boomers, What to Do Now for Your Retirement
Glossary: Amortization
Glossary: Biweekly Mortgage
Glossary: Closed-End Mortgage
Glossary: Curtailments

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