payoff amount
Debt clearance sum
The payoff amount is the total sum needed to fully satisfy a debt at a specific point in time.
It includes the principal balance plus any accrued interest, fees, or penalties: The payoff amount on the mortgage was higher than the remaining balance because of prepayment penalties.
Lenders provide payoff statements showing exactly what's owed if you want to settle the debt early.
- settlementResolved dispute or colony
- balanceSteadiness or amount owed
- lump sumEntire amount at once
- principalChief school administrator
- debtMoney owed another
mortgage · loan · clearance · debt free · redemption · buyout · closing · paycheck · windfall · jackpot · remainder · dues · satisfaction · discharge · arrears · outstanding · owed · cash out
- loansloan, loans, lend, borrow, auto loans
- auto loansauto loan, car loan, loan term, interest rate, APR
- loan termsunsecured loans, interest rate, loan term, short-term, secured loans
- vehiclescar, bus, truck, van, bike
- interest ratesinterest rates, prime rate, interest, base rate, interest charge
- Trade-In TermsKelley Blue Book, wholesale value, retail value, trade-in credit
payoff amountminimum payment
Lowest acceptable installment amount
partial payment · installment · monthly payment · down payment · balloon payment
paying, payers, payees, payment, payments, payable, repays, repaying, repayment