The amount upon which loan payments are based. If the borrower finances his or her closing costs, those costs will be added to the base loan amount.
The total amount used to figure loan payments. If closing costs are financed, they are added to the base loan amount.
The mortgage amount before any financed mortgage insurance or VA funding fee is added. basisSelect the desired basis, which is the lending term for the method of handling the number ofdays in months and years when calculating interest. The number before the separator is the number of days in a month and the number after is the number of days in a year. 30/360 actual/365 actual/360 actual/actual 30/actual