When is my first mortgage payment due after closing?

Your first mortgage payment is typically due on the first day of the month following a full month after closing. For example, if you close on March 15, your first payment is usually due May 1. At closing, you prepay interest from the closing date through the end of that month, which is why your first regular payment skips the next month. This gives you a gap before payments begin, often 30 to 45 days. The exact due date depends on your closing date and lender. Your closing disclosure and loan documents will show the first payment date. The specifics depend on your situation and a licensed lender should confirm, and Jon can connect you with one.

Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.