Definitions for "Capital & Interest"
Keywords:  repayment, plus, month, known, repaid
In the context of mortgages, a capital and interest mortgage is also known as a repayment mortgage. It involves paying all of the interest plus repayment of a little of the capital each month; an interest only mortgage involves only paying off the interest
Otherwise known as a repayment loan. The borrower pays an amount each month to cover the amount borrowed or principal and the interest charged on that.
Known as a repayment mortgage. Borrowers payments are made up of the monthly mortgage interest plus reducing the total amount of capital borrowed.