Total Interest Payments


Definition of "Total Interest Payments"

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.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Housing Code

Established federal, state or local structural building requirements that have to be adhered to so a ...

Floating Interest Rate

Interest rate on a loan that varies periodically based on some related measure. If interest rates ar ...

National Association Of Life Companies (nalc)

Membership organization primarily of medium and small life and health insurance companies. It repres ...

Sources Of Income

In insurance, company revenues from underwriting and investment. Insurance companies make money firs ...

Self-trusteed Trust

Arrangement in which individuals serve as trustees of their own living trust and name another party ...

Penalty

Liability limit on a fidelity bond or surety bond. A fixed-penalty bond is one with a fixed liabilit ...

Related Real Estate FAQ

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is A Term?

A term is the length of a loan. ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

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

When to buy a house What is Hazard Insurance? How Does The Home Loan Underwriting Process Work? 6 Reasons you are not selling properties Mortgage Loan Types

FAQ

What is a closing? What do I need to know about Universal Life Insurance? What is equity? What is a buyer’s agent? I dont know the zip code of my areas. How do I find an agent that is right for me in my area.