Checking your monthly mortgage statement and fixing what is wrong
Reading the statement
Statement answer
Federal rules require most servicers to send a periodic statement showing the amount due, how your last payment was split between principal, interest and escrow, fees charged, the remaining balance and how to reach the servicer. Compare each cycle with the last so changes stand out early.
Last reviewed against the primary sources listed below.
Boxes to check
- Amount due and due date.
- Explanation of the last payment.
- Fees and charges.
- Contact and error notice address.
Statement questions
What must a mortgage statement show?
Regulation Z 1026.41 lists the required items, including the payment breakdown and fees.