Total Interest Payments


Definition of "Total Interest Payments"

Judy Szablak real estate agent
Judy Szablak, Real Estate Agent Coldwell Banker Realty

The sum of all interest payments to date or over the life of the loan. This is an incomplete 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.

 

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