Interest due is the amount of interest, expressed in dollars, computed by multiplying the loan balance at the end of the preceding period times the annual interest rate divided by the interest accrual period. It is the same as interest payment except when the scheduled mortgage payment is less than the interest due, in which case the difference is added to the balance and constitutes negative amortization.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). interest due. Retrieved September 22, 2026, from http://smartdefine.org/interest_due/definitions/1156245 |
| Chicago | Barry Goldsmith. 2010. "interest due" http://smartdefine.org/interest_due/definitions/1156245 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, interest due, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/interest_due/definitions/1156245>. |
| MLA | Barry Goldsmith. "interest due" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/interest_due/definitions/1156245> |