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Per diem interest is calculated and paid at loan closings. It is the pro-rated amount of interest due for remaining days in a month. For example, if a mortgage closes on July 29, per diem interest is calculated for July 29, 30 and 31.er diem interest is calculated and paid at loan closings. It is the pro-rated amount of interest due for remaining days in a month. For example, if a mortgage closes on July 29, per diem interest is calculated for July 29, 30 and 31.
Concept of Per Diem in the context of Real Property. A short definition of Per Diem: Daily. Concept of Per Diem in the context of Real Property. A short definition of Per Diem: Daily. Resources Legal English Vocabulary: Per Diem in Spanish. Online translation of the English legal term per diem into Spanish: dietas (English to Spanish translation) . More about legal dictionary from english to spanish online. Related to the Legal Thesaurus. This is an advance summary of a forthcoming entry in the Encyclopedia of Law.