"Interest costs" refers to the amount of money that is paid or will be paid for borrowing money. It is the additional amount you have to pay back on top of the amount you borrowed. Full definition
In addition to generally offering the lowest mortgage rate available, a variable rate mortgage could help you save in interest costs over the life of your mortgage. (rbcroyalbank.com)
Monthly payments are lower than under the 10 - year standard repayment plan which may increase the total interest cost of the loan over time. (studentloans.net)
Remember, however, that you trade lower total interest costs for fewer mortgage interest deductions on your federal income tax. (mortgage-x.com)