Final answer:
P&I in real estate finance stands for Principal and Interest. This term is commonly used in mortgage loans.
Step-by-step explanation:
P&I in real estate finance stands for Principal and Interest. This term is commonly used in mortgage loans. The Principal refers to the original amount borrowed, and the Interest is the additional amount paid on top of the Principal for the privilege of borrowing the money. For example, if you took out a mortgage loan for $200,000 with an annual interest rate of 5%, your monthly P&I payment would include a portion that goes toward reducing the Principal and another portion that covers the Interest.