Cumulative Interest


Definition of "Cumulative Interest"

The sum of all interest payments to date or over the life of the loan. This is not a good measure of the cost of credit to the borrower because it does not include upfront cash payments and it is not adjusted for the time value of money.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Delinquency

A mortgage payment that is more than 30 days late. ...

Title Abstract

Same as term abstract: An abridge copy or summary of a document. ...

Auction Market

Where property is sold to the highest bidder. ...

Wall

Divider made of plasterboard or plaster used to partition rooms. A room is created by the walls surr ...

Transfer Fee

Fee charged by a mortgage lender to a buyer, seller or both for transferring a mortgage when the mor ...

Civil Damages

Sums payable to the winning plaintiff by the losing defendant in a court of law; can take any or all ...

Related Real Estate FAQ

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

10 Tips for Homebuyers What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Rent or Buy - the pros and cons How To Choose A Realtor 6 Reasons you are not selling properties

FAQ

What is an appreciation? What is Long Term Care Insurance? What is a fixed-rate mortgage? What is a Multiple Listing Service (MLS)? What is a VA loan?