Definitions for "Monthly Payment"
Keywords:  principal, piti, frhel, paid, heloc
The monthly payment is the amount of interest and principal on the loan that the borrower is responsible to pay by a certain date.
The amount consisting of principal and interest paid to the lender on a monthly basis.
Consisting usually of principal, interest, taxes, and insurance, this is the amount that must be paid each month on a mortgage loan.
This is the amount that you must pay each month on your loan during repayment.
the agreed mortgage repayment that the borrower makes every month for the entire term of the mortgage.
The amount that must be repaid to a credit account on or before the due date to keep the account in order. For commercial cards, the full outstanding balance amount must be repaid.