The phrase "a much higher payment" is correct and usable in written English.
It can be used when comparing payment amounts, typically in discussions about salaries, wages, or fees.
Example: "After negotiating, I was offered a much higher payment than I initially expected."
Alternatives: "a significantly larger payment" or "a considerably greater payment."
What borrowers didn't take into account in the booming housing market, however, was that any decrease in home value would leave the borrower with an untenable combination of a balloon payment and a much higher mortgage payment.
This risk-sharing principle makes it possible to purchase an annuity that guarantees much higher payments than could be obtained if the same sum of money were invested at interest.
Richard Hucke, deputy director of foster home services for the Jewish Child Care Association, is one of many in the field who want the city to create more therapeutic foster homes, in which the parents also receive a much higher monthly payment, called a board fee, to help cover the expense of housing a foster child.
Investment properties typically require a much higher down payment percentage than if you were buying your own home.
The federal government could make this happen by entering into an arrangement with American banks that hold subprime mortgages, in which homeowners typically pay a low interest rate for two or three years then face much higher payments.
Interest-only loans are mortgages in which borrowers pay none of the loan principal for a fixed period — typically 10 years — after which time they must make much higher payments for the remaining 20 years.
Dentists, many of whom do not take even private insurance, can get much higher payments from non-Medicaid customers.
As illustrated by Figure 4, a very similar picture can be seen when the percentages avoiding or delaying physician visits is displayed by the difficulty to pay co-payments: The participants who say that it is difficult to spare the money for the co-payments show a much higher percentage than those who say that paying the co-payments is easy.
Likewise, an 80-20 loan will involve a much higher interest rate and higher monthly payments, which can make it difficult to make ends meet if you're having trouble coming up with the monthly payments.[5][6].
You may agree on what seems like a reasonable price for the car, but then be presented with a monthly payment that actually represents a much higher price.
