Sentences with phrase «addition to the principal amount»

As an example, a credit card balance of $ 30,000 with a 15 % interest rate will take almost 40 years to pay off and in addition to the principal amount being paid back, the cardholder will also pay back over $ 46,000 in interest charges as well.

Not exact matches

Hereafter, the amount to be raised by tax on real estate in any fiscal year, in addition to providing for the interest on and the principal of all indebtedness, shall not exceed an amount equal to one per centum of the average full valuation of all of taxable real estate within the County, less the amount to be raised by tax on real estate in such year for the payment of the interest on and redemption of certificates or other evidence of indebtedness described in paragraphs A & D of section five of article eight of the constitution of the State of New York.

More important, using the reports from teachers and principals to determine the amount of technology available and in use in the schools, we found that 42 percent of the variation in math scores and 12 percent of the variation in English scores could be explained by the addition of technology in the school.

In addition to the premium charge herein provided for, the Secretary is authorized to charge and collect such amounts as he may deem reasonable for teh appraisal of a property or project during construction, but such charges for appraisal and inspection shall not aggregate more than 1 per centum of the original principal face amount of the mortgage.

In addition, the ratio of the balance to total limit or initial principal amount (utilization ratio) is a significant factor.

Because in addition to interest and return of a portion of your principal, each annuity payment effectively contains an extra little amount known as a «mortality credit» — essentially, money transferred from annuity owners who die early to those who live long lives.

Your monthly mortgage payment includes an amount for property taxes and insurance in addition to the amount you owe for principal and interest.

In addition to your regular commission, a separate transaction fee (equal to the principal amount x 0.00001300) will apply to the sale of all equities, options, and exchange - traded fund (ETF) securities.

These amounts input will be in addition to any principal payments already calculated if you are using the automatically generated fixed - rate mortgage numbers.

From the CFPB's response, «Navient does not dispute the sufficiency of the allegations that Navient's steering practices caused substantial injury in the form of significant costs to borrowers, such as the addition of massive amounts of unpaid interest to the principal balance of borrowers» loans, and that such injury was not outweighed by countervailing benefits to consumers or competition.»

Although the median household income was close to six figures, the extreme home values in Palm Beach resulted in mortgage principal and interest payments that amount to 42 % of that income even before the addition of insurance or taxes.

The three numbers in the red box reflect the monthly mortgage rate you will pay (a mixture of principal plus interest), the monthly property tax you will pay to your bank (who will then make a payment on your behalf) and the total amount you will pay based on the addition of these two amounts.

When you take out a mortgage loan, you agree to pay back the principal amount (actual loan money) in addition to interest over a specified period of time.

The addition of unpaid accrued interest to the principal balance of a loan increases the outstanding principal amount due on the loan.

In addition to the risks of investing in emerging market country debt securities, a fund's investment in government or government - related securities of emerging market countries and restructured debt instruments in emerging markets are subject to special risks, including the inability or unwillingness to repay principal and interest, requests to reschedule or restructure outstanding debt, and requests to extend additional loan amounts.

The principal sum amount created to provide pension to the old age is the sum assured + simple reversionary bonus + accrued guaranteed additions + terminal bonus.

In the event of accidental death of an INSURED PERSON, an amount equivalent to the Principal Sum of that person shall become payable in addition to the original Principal Sum.

Interest — Obviously the lender needs to make money off the loan, so this is the amount you'll pay back in addition to the principal loan.

In addition, if a borrower still living in the home is able to make an arrangement with a lender that reduces the principal balance of a mortgage, the amount forgiven in that workout will not be taxed.

Your monthly mortgage payment includes an amount for property taxes and insurance in addition to the amount you owe for principal and interest.

Conversely, in a refinance with cash provided, the consumer refinances an existing mortgage obligation and receives money from the transaction that is in addition to the funds used to pay the unpaid principal balance, any earned unpaid finance charge on the existing debt, and amounts attributed solely to the costs of the refinancing.