Defined term
Total of payments
Total of payments is the amount a consumer will have paid after making all scheduled payments under the disclosed credit obligation, as defined by the applicable rule.
Also known as disclosed total of payments
economics · Concept code GS-CONCEPT-081 · Last verified August 20, 2026
Evidence as-of date unavailable · 1 source has no source-event date
Content modified 2026-08-20
Definition and boundaries
Definition
Total of payments is the amount a consumer will have paid after making all scheduled payments under the disclosed credit obligation, as defined by the applicable rule.
Applicable jurisdiction: US federal disclosure context; applicability is transaction-specific
Definition claim verification: Verified August 20, 2026
In plain language
Use Total of payments only after the cash-flow perspective, timing, contract structure, included costs, and omitted items are made explicit.
What it is not
It is not the cash price, amount financed, finance charge alone, or a prediction that every borrower will follow the schedule unchanged.
Decision context
Why it matters
Compare the actual payment schedule, assumptions, variable or step changes, optional prepayment, separately paid amounts, balloon terms, and what the disclosure includes.
Applicable jurisdiction: US federal disclosure context; applicability is transaction-specific
Decision-context claim verification: Verified August 20, 2026
Information boundary
This page provides general educational context, not a site design, production guarantee, utility determination, contract interpretation, legal opinion, tax conclusion, or individualized financial advice. Verify property, equipment, utility, jurisdiction, program, and agreement details before acting.
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Learning navigation
Primary topic: Finance
Broader topic
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Primary sources
- Consumer Financial Protection Bureau: 12 CFR 1026.18(h) — Total of payments
Revision 12 CFR 1026.18(h) · Source event date not provided · Ontology accessed August 20, 2026 · Ontology verified August 20, 2026