Fully Amortizing Payment


Definition of "Fully Amortizing Payment"

The monthly mortgage payment which, if maintained unchanged through the remaining life of the loan at the then-existing interest rate, will pay off the loan at term.



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Related Real Estate Glossary terms

Waiver

Deliberately and voluntarily giving up or delaying a claim or right arising from a contractual agr ...

Burn-off

Reducing the prepaid items on a debt agreement. ...

Adult Community

Housing projects specifically designed to meet the community needs of the increasing number of indiv ...

Notice Of Nonresponsability

A clearly stated notice that an owner or operator will not assume responsibility for an inherent ris ...

Disease

Illness or sickness such as cancer, poliomyelitis, leukemia, diphtheria, smallpox, scarlet fever, te ...

Exhaust Fan

Fan with an opening to the outside air that lets stale or hot air exit the structure; usually used i ...

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The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

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