Payoff timing and balance
Escrow, fees, and penalties
A servicer payoff statement controls. Use this only to plan the cash range before requesting official payoff wiring instructions.
| Line item | Amount | How to read it |
|---|
Methodology notes
Daily interest
Per-diem interest is estimated as current principal balance multiplied by annual rate divided by 365. Some servicers may use different accrual conventions or payoff cutoffs.
Payoff date
Accrued interest is the per-diem amount multiplied by the days from last payment to target payoff. If dates are blank, the manual day count is used.
Escrow view
Gross payoff does not subtract escrow because escrow is often refunded after the loan closes. The net view shows your payoff less the estimated refund for planning only.
Results are estimates for educational purposes only and are not financial advice. Confirm interest, unpaid fees, payment posting, escrow handling, and lien release timing with your servicer. See full disclosure.
Mortgage payoff FAQ
Why is my payoff higher than my balance?
The payoff usually includes unpaid principal, daily interest through the good-through date, statement fees, recording or release fees, and any unpaid charges.
Should I still make my next payment?
If payoff funds may post after your next due date or cutoff, ask the servicer. Making a regular payment can change the payoff amount and may prevent late fees.
When do I get my escrow back?
Escrow refunds often arrive after payoff processing and loan closure. Timing varies, and shortages or pending tax and insurance disbursements can change the refund.