Cambodian definition, of, relating to, or characteristic of Cambodia, its people, or its culture. See more.
Outstanding Principal Balance The outstanding principal balance of a mortgage is simply the total amount of money it would take to pay off the loan in full. How much this amount is depends on how much was originally borrowed, how much has been paid down, and what the annual interest rate is.
(If you have negative amortization and your mortgage is actually growing in debt, see Understanding the Mortgage Payment Structure.). For example, let's examine a simple mortgage for $100,000 at an interest rate of 4% annually and a time to maturity of 24 years.The yearly mortgage payment is $6,558.68. The first payment will consist of an interest charge of $4,000 ($100,000 x 4%) and a principal repayment of $2558.68 ($6,558.68 - $4,000).The outstanding mortgage balance after this payment is $97,441.32 ($100,000 - $2,558.68).he first payment will consist of an interest charge of $4,000 ($100,000 x 4%) and a principal repayment of $2558.68 ($6,558.68 - $4,000). The outstanding mortgage balance after this payment is $97,441.32 ($100,000 - $2,558.68).