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.
Report Abuse. it really depends on how much you pay to principal in extra payments. if you pay $100K extra, then the loan would be done in no time. Mortgage payment consists of two parts: interests and principal.Interests are like rent, which doesn't add to the equity to your house.It simply disappear as your pay it.eport Abuse. it really depends on how much you pay to principal in extra payments. if you pay $100K extra, then the loan would be done in no time. Mortgage payment consists of two parts: interests and principal.