Cumulative Interest


Definition of "Cumulative Interest"

Mary Ann  Mercer / Buyers Agent real estate agent
Mary Ann Mercer / Buyers Agent, Real Estate Agent Downing-Frye Realty, Inc.

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.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Mortgage Terms

Popular Mortgage Questions