Total Interest Payments

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. See Interest Cost.

References in periodicals archive ?
The government's total interest payments for the first semester reached P180.071 billion, an 8.8-percent growth from the P165.510 billion posted in the same period last year.
In addition, if total interest payments are less than $200,000 (two years' interest), the difference will be paid to the Lender as prepayment compensation.
"Although taking a loan out for longer term will reduce your monthly payments, total interest payments could be tens of thousands of pounds more.
Of the total interest payments, domestic lenders were paid P243.33 billion, higher by 15 percent compared with P210.47 billion in the previous year, while foreign secured P105.98 billion, also an increase of six percent from a year ago of P100.06 billion.
Of the total interest payments last July, P24.32 billion went to domestic lenders, while the remaining P20.52 billion was paid to foreign creditors.
Your goal is to land the best possible interest rate, because even half a percentage point can add tens of thousands of dollars of total interest payments to a 30-year loan (and affect your wealth-building abilities).
The 10-year loan called for monthly payments of about $1,400, resulting in total interest payments of $76,500.
Over the years, TRU is estimated to have paid out nearly $6 billion in total interest payments, including $910 million in 2016 and 2017.
Total interest payments in 2016 reached P304.5 billion, hence generating P23.3 billion in savings as the actual amount was lower than the P327.7-billion programmed.
For a buyer, there may be additional risk in the form of higher total interest payments (particularly if it's unable to assume an existing first mortgage).
Karl Whelan [UCD economist] estimates the total interest payments will amount to [euro]18billion.
The interest payments on the matured stock of DSCs still constitute a major share in the total interest payments on unfunded debt.

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