Mortgage Statement - Sample
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1Return Mail Operations
YOUR MORTGAGE
Quarterly Mortgage Statement
PO Box 12345
COMPANY
Any Town, USA 12345-0000
Statement Date
03/10/09
Payment Due Date
04/01/09
2
Loan Number
01234567890
1
Customer Service
Online
Telephone
(866) 012-3456
01234567 1 AT 1.123
012345678/001234 012 01 ABCDEFG 012
Fax
JOE HOMEOWNER
(866) 012-0123
1234 MAIN STREET
SMALLTOWN USA 00000-1234
Payments
Correspondence
PO Box 01234
PO Box 56789
Big City, USA 01234
Any Town, USA 56789
Summary
Property Address
Payment (Principal and/or Interest, Escrow)
$1,033.50
1234 MAIN STREET
Optional Product(s)
$0.00
SMALLTOWN USA 00000-1234
Current Monthly Payment
$1,033.50
Unpaid Principal Balance
$128,022.58
(Contact Customer Service for you payoff balance)
3
Overdue Payments
$0.000
Interest Rate
5.875%
Unpaid Late Charge(s)
$0.00
Interest Paid Year-to-Date
$1,893.80
Other Charges
$0.00
4
5
Taxes Paid Year-to-Date
$.50
TOTAL PAYMENT
$1,033.50
Escrow Balance
$910.87
6
7
8
Activity Since Your Last Statement
Date
Description
Total
Principal
Interest
Escrow
Late Charge
Other
03/01
PAYMENT
$1,033.50
$293.18
$629.03
$111.29
02/01
PAYMENT
$1,033.50
$290.94
$631.27
$111.29
01/01
PAYMENT
$1,033.50
$288.70
$633.50
$111.29
Understanding Your Mortgage Statement
1
Mortgage Company Contact Information – name, address, and phone number of the mortgage company.
Some statements will also identify the loan officer that originated the loan along with their contact information.
2
Loan Number – shows the account number for your loan.
3
Interest Rate – the amount charged for the use of borrowing money for your mortgage, expressed as a
percentage of the principal.
4
Taxes Paid/ Escrow Balance – shows how much property tax has been paid by the lender for the year and
how much money is remaining in the escrow account. An escrow account provides the lender with the funds
– included in each monthly payment – needed for such expenses as property taxes, homeowners insurance,
mortgage insurance, etc.
5
Total Monthly Payment – displays total amount due for each specific line item. The total monthly payment
generally includes payments for: principal, interest, taxes, and insurance. In some cases, the borrower may
decide not to escrow the taxes and insurance and pay them separately from the mortgage payment.
6
Principal Payment – displays dollar amount of principal included in the monthly payment. Principal is the
amount of money owed on the loan, not including interest.
7
Interest Payment – displays dollar amount of interest included in the monthly payment. Interest is a fee
charged for the use of borrowing money for the mortgage.
8
Escrow – displays dollar amount sent to escrow account in the monthly payment, if the borrower decides to
have the mortgage company set aside an escrow.
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