The type of loan that typically requires no monthly payments until the end of the loan term is a reverse mortgage. In a reverse mortgage, the lender makes payments to the borrower based on the equity in their home, and the loan balance increases as interest accrues over time. Borrowers, usually elderly homeowners, don't need to make monthly payments for the duration of the loan, which is designed to help them access their home equity while living in the home.
Interest-only mortgages, on the other hand, require borrowers to make monthly interest payments during the initial period of the loan, which means that they do have to pay something on a regular basis. Similarly, partially amortized and fully amortized mortgages involve regular monthly payments that either cover the interest and some principal or fully pay off the loan by the end of the term. Neither of these types allows for deferral of all payments until the end of the loan term, which further distinguishes reverse mortgages in their structure and intended purpose.