loan amount


The amount specified in the mortgage contract that the borrower agrees to pay back. The amount of points included and various other costs make the loan amount different from the quantity of cash distributed by the lender.

Use loan amount in a sentence

You should try and make sure that you will be able to cover the full loan amount before you decide to borrow.

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When purchasing a home and taking out a mortgage, you will need to determine a specific loan amount to know how much money needs to be borrowed.

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The home buyer almost blew a gasket when he carefully looked over his loan papers and saw all the fees, points and other costs that had been tacked onto his loan amount.

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