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• Money charged for the use of money (principal).

  U.S. Census Bureau - Cite This Source - This Definition
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  Cite Definition for interest

  American Psychological Association (APA)

  interest. (n.d.). Glossary Of RFS Terms And Definitions. Retrieved March 21, 2023, from website: http://www.expertglossary.com/definition/interest.

  Chicago Manual of Style (CMS)

  interest. www.census.gov. Glossary Of RFS Terms And Definitions. U.S. Census Bureau. http://www.expertglossary.com/definition/interest (accessed: March 21, 2023).

  Modern Language Association (MLA)

  "interest." Glossary Of RFS Terms And Definitions. U.S. Census Bureau. 21 March. 2023 http://www.expertglossary.com/definition/interest.

• The amount of the entire mortgage loan which does not include the principal. Also, as a part of PITI, the amount of the monthly mortgage payment which does not include the principal, taxes, and insurance.

  Ginnie Mae - Cite This Source - This Definition
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  Cite Definition for interest

  American Psychological Association (APA)

  interest. (n.d.). Ginnie Mae Glossary of Terms. Retrieved March 21, 2023, from website: http://www.expertglossary.com/definition/interest.

  Chicago Manual of Style (CMS)

  interest. ginniemae.gov. Ginnie Mae Glossary of Terms. Ginnie Mae. http://www.expertglossary.com/definition/interest (accessed: March 21, 2023).

  Modern Language Association (MLA)

  "interest." Ginnie Mae Glossary of Terms. Ginnie Mae. 21 March. 2023 http://www.expertglossary.com/definition/interest.

• The rate used to determine the cost of borrowing money, usually stated as a percentage and as an annual rate.

  The Federal Reserve Board - Cite This Source - This Definition
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  Cite Definition for interest

  American Psychological Association (APA)

  interest. (n.d.). A Consumer's Guide to Mortgage Refinancings. Retrieved March 21, 2023, from website: http://www.expertglossary.com/definition/interest.

  Chicago Manual of Style (CMS)

  interest. federalreserve.gov. A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. http://www.expertglossary.com/definition/interest (accessed: March 21, 2023).

  Modern Language Association (MLA)

  "interest." A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. 21 March. 2023 http://www.expertglossary.com/definition/interest.

• The cost you pay to borrow money. It is the payment you make to a lender for the money it has loaned to you. Interest is usually expressed as a percentage of the amount borrowed.

  Federal Trade Commission - Cite This Source - This Definition
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  Cite Definition for interest

  American Psychological Association (APA)

  interest. (n.d.). Real Estate Marketplace Glossary. Retrieved March 21, 2023, from website: http://www.expertglossary.com/definition/interest.

  Chicago Manual of Style (CMS)

  interest. www.ftc.gov. Real Estate Marketplace Glossary. Federal Trade Commission. http://www.expertglossary.com/definition/interest (accessed: March 21, 2023).

  Modern Language Association (MLA)

  "interest." Real Estate Marketplace Glossary. Federal Trade Commission. 21 March. 2023 http://www.expertglossary.com/definition/interest.

• A fee charged for the use of borrowing money.

  US Department of Housing and Urban Development - Cite This Source - This Definition
  ×

  Cite Definition for interest

  American Psychological Association (APA)

  interest. (n.d.). Homes & Communities Glossary. Retrieved March 21, 2023, from website: http://www.expertglossary.com/definition/interest.

  Chicago Manual of Style (CMS)

  interest. www.hud.gov. Homes & Communities Glossary. US Department of Housing and Urban Development. http://www.expertglossary.com/definition/interest (accessed: March 21, 2023).

  Modern Language Association (MLA)

  "interest." Homes & Communities Glossary. US Department of Housing and Urban Development. 21 March. 2023 http://www.expertglossary.com/definition/interest.

• Browse Related Terms: Additional Principal Payment, Annual Mortgagor Statement, Annuity, Charge-off, interest, Interest rate, Interest Rate Swap, Nonperforming Asset, Notional Principal Amount, open-end mortgage, Original Principal Balance, P&I, PITI Reserves, Premium, Remaining Balance, Right of rescission, Self-amortizing mortgage, taxes

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