"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.
Monthly payments are lower than under the 10 - year standard repayment plan which may increase the total
interest cost of the loan over time.
Remember, however, that you trade lower
total interest costs for fewer mortgage interest deductions on your federal income tax.
Low financial leverage as reflected by
low interest cost in relation to earnings available to pay interest.
But a raise from, say, 15 percent to 17 percent would add around $ 20 in
interest costs for every $ 1,000 in credit card balance you carried throughout the year.
The foremost consideration is determining what your total
mortgage interest cost will be, as this is the hurdle your investment portfolio must overcome to be successful.
This chart illustrates how you can reduce your amortization period and save on
interest costs by choosing a more frequent payment schedule.
The rest is loans, which means poor countries must repay
with interest the costs of adapting to a problem they have not caused.
If your business can afford to make a greater contribution to the down payment, it can reduce the
overall interest costs of the loan.
This will increase the long -
term interest costs of your student loans, but will lower your monthly obligation.
Paying down debt will save you on
interest costs more so than what you will earn on short - term savings, so make getting out of debt a priority.
Even if they don't add to their balance by spending, low monthly payments could, in theory, make the balance increase
as interest costs are applied.
The
increased interest cost comes in exchange for the lower monthly payment allowed by the 30 - year's longer repayment schedule.
In our case, we could have saved a bundle on
interest costs if we had opted for the variable rate mortgage.
With a 15 - year fixed home loan, you could pay off your second home mortgage in half the time, reducing your total
interest costs significantly.
It's important to note that most reward card perks are only perks if you don't pay
extra interest costs.
If that rate holds, that means an eventual $ 61 billion additional,
annual interest cost to taxpayers.
At a minimum, your adviser should compare the
estimated interest cost of various terms, given sample rate increases over the next five years.
Buyers also need to understand how a 30 - year or a 15 - year fixed rate loan term affects payment amounts and total
loan interest costs.
The average credit
card interest cost differs fundamentally relying on the type of card you're looking at.
A fixed interest rate loan is viewed as a more conservative financial option, that can protect you against rising interest rates and additional
interest costs accrued.
High corporate bond rates
raise interest costs for corporations, reducing profits, and raising discount rates (cost of equity capital).
Debt interest costs are fully tax deductible as a business expense and in the case of long term financing, the repayment period can be extended over many years, reducing the monthly expense.
On the other hand, variable rate loans may provide extremely low interest rates today, dramatically reducing
current interest costs.
That would mean ever - higher
government interest costs, which would squeeze money from other spending priorities once again.
They are so easy to use and so hard to pay back, not to mention that you likely are incurring significant
interest costs per month.
It can help you lower your monthly payments, lower
lifetime interest cost, get cash out for other purposes and also to consolidate debt to save money on interest payments.
Phrases with «interest costs»