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- Original principal balance
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Original principal balance
The amount of principal owed on a loan before a borrower makes any payments.
Related Terms
Remaining balance
Compound interest
No cash-out refinance
Negative amortization
Additional principal payment
PITI (Principal Interest Taxes Insurance)
Fair Debt Collection Practices Act
Interest-only loan
Anticipatory breach
Principal
Remaining term
Spanish Mission style
Amortization
Blue-ribbon condition
Balance sheet
Call option
Adjusted cost basis
Net cash flow
Dropped ceiling
Acceleration clause
Alienation clause
Initial interest rate
Straight purchase
Add-on interest
Annual mortgagor statement
Balloon loan
Growing-equity mortgage
Fully amortized adjustable-rate mortgage
Standard payment calculation
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