Sentences with phrase «over the full term of the loan»

These fees, in addition to the interest rate, determine the estimated cost of financing over the full term of the loan (30 years, for instance).

The terms of repayment for 84 months, which reflect the repayment obligations over the full term of the loan, including any balloon payment.

And because interest is charged over the full term of a loan, even if you've got a lower rate, you may end up paying more in interest because you're paying for a longer time.

Adjustable Rate Loans An adjustable rate loan amortizes over the full term of the loan although the interest rate may reset, based on the then current margin plus index, annually after the initial period.

The annual percentage rate (or APR) is the amount of interest on your total loan amount that you'll pay annually (averaged over the full term of the loan).

When you spread that out over the full term of the loan (four years), you see that Frank is paying an extra $ 2,780 in interest charges.

The $ 164.44 increase would cost a homeowner an additional $ 13,812.97 in seven years and close to $ 60,000 over the full term of the loan.