Sample Mortgage Statement 1 2 3 4 5 6
1 Property Address
The address for the property that is secured by your mortgage.
2 Account Information Section
  • Principal Balance. The amount of money you still owe on the loan, not including interest or other charges. This is not the amount required to pay your account in full.
  • Escrow Balance. The amount currently in your escrow account. An escrow account is set up as a way to collect funds to pay certain bills associated with your property, such as property taxes and premiums for homeowners insurance, flood insurance or private mortgage insurance.
  • Interest Rate. The current percentage rate you’re being charged for the money that you borrowed.
  • Interest Type. This is the interest method that is assigned based on the terms of your account. It will either be Simple (accrues interest on a daily basis) or Actuarial (accrues interest on a monthly basis).
3 Explanation of Amount Due Section
  • Principal Due. The amount of principal you owe on the loan this month.
  • Interest Due. The amount of interest you owe this month.
  • Escrow Due. The amount you owe to satisfy your escrow obligations for taxes and insurance. (See “Escrow Balance”.)
  • Regular Monthly Payment Due. The sum of the previous three line items (principal, interest and escrow).
  • Total Fees and Charges. The amount of fees and charges that are imposed on your account this month. Detailed information outlining your fees and charges can be found in the Transaction Activity section of your statement.
  • Past Due Amount. This will appear if you didn’t pay the full amount due on your mortgage in a previous month. Remember that any payments you made after the statement date will not be reflected in this monthly billing statement.
  • Total Amount Due. This is what you need to pay this month, including your regular monthly payment and, if applicable, any past due amount, fees and charges imposed.
4 Past Payment Breakdown Section
Shows how the funds from your payment were allocated for the prior month and year-to-date
5 Transaction Activity Section
Detailed information of fees and charges imposed and/or payments made in the past month
6 Payment Coupon
  • Total Payment Due. The amount you need to pay this month.
  • Total Payment Enclosed. Write in how much you are paying, whether it’s just the Payment Due or the sum of the Payment Due and any extra amount.
Conditional Information
One or more of the following items may appear in the Account Information or Payment Due sections on your monthly billing statement, depending on your account activity:
  • Late Fee Balance. Late fees may be assessed when your payment is received after any grace period following the due date.
  • Deferred Balance. This may appear if the original terms of your mortgage were modified. (See your separate Loan Modification Agreement for details).
  • Corporate Advance Balance. Any servicing-related expenses ditech incurred and paid on your behalf. The balance is what you will be required to pay once your loan reaches maturity.
  • Prepayment Penalty. This will only appear if your mortgage has a prepayment penalty and you paid extra toward your principal ahead of the repayment schedule.
  • Unapplied Funds Balance. If you send in less than a full payment, this will show the partial payment, which we’ll hold until enough money has been received to make up a full payment. Once a full payment is received, we’ll apply the funds to your account.
  • Incentive Accrual Balance. If your mortgage includes a special incentive being paid for timely payments, this area shows how much incentive money is being accrued toward your principal.