Optical frequency comb technology has been the cornerstone for scientific breakthroughs in precision metrology. In particular, the unique phase-coherent link between microwave and optical frequencies solves the long-standing puzzle of precision optical frequency synthesis. While the current bulk mode-locked laser frequency comb has had great success in extending the scientific frontier, its use in real-world applications beyond the laboratory setting remains an unsolved challenge due to the relatively large size, weight and power consumption. Recently microresonator-based frequency combs have emerged as a candidate solution with chip-scale implementation and scalability. The wider-system precision control and stabilization approaches for frequency microcombs, however, requires external nonlinear processes and multiple peripherals which constrain their application space. Here we demonstrate an internal phase-stabilized frequency microcomb that does not require nonlinear second-third harmonic generation nor optical external frequency references. We demonstrate that the optical frequency can be stabilized by control of two internally accessible parameters: an intrinsic comb offset ξ and the comb spacing frep. Both parameters are phase-locked to microwave references, with phase noise residuals of 55 and 20 mrad respectively, and the resulting comb-to-comb optical frequency uncertainty is 80 mHz or less. Out-of-loop measurements confirm good coherence and stability across the comb, with measured optical frequency instability of 2 × 10−11 at 20-second gate time. Our measurements are supported by analytical theory including the cavity-induced modulation instability. We further describe an application of our technique in the generation of low noise microwaves and demonstrate noise suppression of the repetition rate below the microwave stabilization limit achieved.