Level Pay

Filed Under: l by
Level Pay
The property of the interest and principal payments due towards a mortgage scheduled in such a way that total monthly payment of the two combined is the same even when the share paid towards principal gradually grows bigger while the interest payment becomes less every month.

Recommended for you:

  1. Graduated-Payment Mortgages (GPMs)
  2. Level-Coupon Bond
  3. Principal Only (PO)
  4. Endowment Loan
Home / Glossary / l / Level Pay