total loan amount

Definition

The basic amount of the loan plus any additional financed closing costs.

Use total loan amount in a sentence

You should always make sure that you will be able to pay back the total loan amount by the due date.

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The girl made sure to take note of the total loan amount she was being given to cover her college tuition.

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We couldn't pay the fee for the realtor, so we had to add it to the total loan amount along with all the other closing costs.

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total lender fees original face value