loan balance
What's still owed
The loan balance is the amount still owed on a loan at any given time—the principal remaining after payments have been applied.
As borrowers make payments, the loan balance decreases, though early payments often go mostly toward interest rather than reducing the balance.
The loan balance on our mortgage is down to sixty thousand.
- outstandingExceptionally good or unpaid
- principalChief school administrator
- debtMoney owed another
- owedHad a debt
- remainingStill present after removal
payoff · pay off · mortgage · home equity · interest · statement · amortization · payment · minimum payment · due · overdue · late fee · credit · borrower · lender · reduction · installment · refinance
- loanslend, borrow, borrower, lender, microloan
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- auto loansmonthly payment, down payment, interest rate, APR, refinance
- building loansmortgage, interest rates, down payment, refinancing, fixed rate
- credit termscredit limits, monthly payment, credit cards, interest rate, installments
- loan paymentsmonthly payment, minimum payment, payment schedule, principal payment, interest payment
financial position
loan balanceasset value
What property fetches
cash reserves · net worth · equity · credit balance · account balance
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