PayoffStatement.com

    Mortgage payoff statement example

    Below is a sample payoff statement with each line numbered and explained. The three numbers that matter most are the good-through date, the per diem and any credits. Layouts differ between servicers, but they all show these items.

    Sample: fictional servicer and borrower

    Example Mortgage Servicing, LLC

    Payoff Department

    Payoff statement

    1 Statement date: 11/10/2026

    Borrower
    Jordan Lee
    Property
    123 Example Street, Anytown, ST 00000
    Loan number
    ••••••4821
    Interest rate
    6.250% fixed
    3 Interest paid through
    10/31/2026
    2 Good through
    11/24/2026
    Payoff amount breakdown
    4Unpaid principal balance$248,316.42
    5Interest 11/01/2026 to 11/24/2026 (24 days)$1,020.48
    7Recording / lien release fee$35.00
    Payoff statement fee$0.00
    Late charges$0.00
    8Unapplied funds (credit)−$150.00
    9Total amount to pay off$249,221.90

    6Per diem: $42.52. If funds are received after 11/24/2026, add $42.52 for each additional day.

    10Escrow balance: $2,184.37. Not applied to this payoff. Any remaining balance will be refunded after the loan is paid in full.

    11Wire or certified funds only. Call the Payoff Department at the number on our website to verify instructions before sending. We will never change wire instructions by email.

    1. 1

      Statement date

      When the servicer produced the figures. Anything posted after this date, like a payment or a new fee, isn’t reflected.

    2. 2

      Good-through date

      The last day this total is valid. Payoff funds must arrive by this date, not just be sent. If closing could slip, request a date a few days later or ask for a new statement.

    3. 3

      Interest paid through

      Mortgage interest is paid in arrears. The November 1 payment covered October’s interest, so interest on this loan is paid through October 31 and accrues again from November 1.

    4. 4

      Unpaid principal balance

      What you still owe on the loan itself. It’s the number on your monthly statement, and it’s not your payoff amount.

    5. 5

      Accrued interest

      Daily interest from the day after the paid-through date up to and including the good-through date: 24 days × $42.52 = $1,020.48.

    6. 6

      Per diem

      Daily interest: $248,316.42 × 6.25% ÷ 365 = $42.52. Each day past the good-through date adds this amount. Some servicers divide by 360 instead; the statement or your note says which.

    7. 7

      Fees and charges

      Itemized costs such as a recording or lien release fee, late charges or advances the servicer paid on your behalf. Ask about any line you don’t recognize before closing.

    8. 8

      Credits

      Money the servicer is holding for you that reduces the payoff, such as unapplied or suspense funds from a partial payment. Not every statement has credits.

    9. 9

      Total amount to pay off

      Principal + accrued interest + fees − credits. This is the figure the title company wires, as long as the funds arrive by the good-through date.

    10. 10

      Escrow balance

      Usually listed for information and not subtracted from the payoff. After the loan is paid in full, the servicer refunds what’s left (see below).

    11. 11

      Payment instructions

      How the servicer accepts payoff funds. Verify wire instructions by calling a number from the servicer’s website or your statement. Treat any emailed “updated” instructions as a red flag.

    Closing math: what happens if the date moves

    The payoff total is principal plus interest up to the day funds arrive. In this example:

    • Per diem: $248,316.42 × 0.0625 ÷ 365 = $42.52 per day
    • Interest: 24 days × $42.52 = $1,020.48
    • Payoff: $248,316.42 + $1,020.48 + $35.00 − $150.00 = $249,221.90

    If closing slips 3 days to November 27, 2026, the funds arrive after the good-through date. The servicer is owed 3 × $42.52 = $127.56 more, for a payoff of about $249,349.46. A seller’s net proceeds go down by the same amount. Ask the servicer for an updated statement rather than adding the per diem to the old one yourself.

    Try your own numbers in the mortgage payoff calculator.

    Closing adjustments math practice on RealEstateExamHQ uses the same per-day method for property tax prorations and also covers seller credits and cash to close.

    What happens to the escrow balance

    The escrow balance usually isn’t subtracted from the payoff. Under federal Regulation X, when you pay a mortgage in full, the servicer must refund the remaining escrow balance within 20 days, not counting weekends and legal public holidays. One exception: if you agree, a servicer can credit the balance to a new escrow account when you refinance with the same lender or servicer. Make sure the servicer has your new mailing address before you move. (12 CFR 1024.34(b))

    Get your own statement

    Find your servicer’s payoff phone number, portal and fax in the mortgage company directory. For example, see the Rocket Mortgage (including former Mr. Cooper loans), Pennymac and BSI Financial guides. If you need to request it in writing or authorize a title company, use the payoff request letter template.

    This example is for illustration. Your servicer’s statement is the only figure to pay from.

    More payoff tools

    Payoff request letter template

    Fill in, print or download a payoff request letter with delivery and third-party authorization fields.

    Mortgage payoff calculator

    Estimate per diem interest and your payoff amount for a closing date before the official quote arrives.