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Old 08-22-2013, 08:50 PM
 
2,321 posts, read 3,298,469 times
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I can go online and see what my principle balance is but I know that would not be my final payment to pay it off.

I am under contract and I know I could just call them up and get a payoff, but thought I'd just ask here for the time being. How is the payoff calculated?

My closing, if inspection goes ok, is set for Sept 26th.

Thanks.
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Old 08-22-2013, 09:19 PM
 
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lots of websites out there that will show you what your payoff schedule looks like based on different rate/payments/add'l payments per year etc

Or you can create on in excel like I did so I can play around with it
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Old 08-23-2013, 02:07 AM
 
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Thanks DP1987. I had a duh moment and don't know why I didn't think to do a google search for mortgage payoff calculator.

Thanks for your reply.
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Old 08-23-2013, 07:46 AM
 
Location: Mount Laurel
4,146 posts, read 8,451,480 times
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I assume you are going to be closing with a title company. They will do all that work for you based on the closing date. Meanwhile, just continue to do you mortgage payment as you would normally do. Just note that you may get refund for your escrow account separately.
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Old 08-24-2013, 07:03 PM
 
Location: Kansas City North
3,632 posts, read 6,806,550 times
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Since interest is paid in arrears, in this case it will be your balance after your September payment PLUS 26 days interest.
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