Interest Payment


Interest Payment

The amount of interest that a borrower pays to a lender on a loan each month. Depending on how a loan is amortized, the interest payment may vary each month, even if the total payment is the same.

Interest Payment

The dollar amount of interest paid each month.

The interest payment is the same as interest due so long as the scheduled mortgage payment is equal to or greater than the interest due. Otherwise, the interest payment is equal to the scheduled payment.