01
Current balance
Latest servicing statement
Keep it as a reference, not as a substitute for the dated payoff amount.
Loan terms · field guide
The statement balance is not the payoff amount
Use a payoff quote for the intended settlement date and reconcile accrued interest, fees and any daily extension.
Sources checked November 1, 2026 · Educational document review · No loan offer
Build the evidence before choosing an input
02
Payoff quote
Servicer’s itemized statement
Record the good-through date, principal, interest, fees and any early-payoff charge.
03
Date change
Written per-diem instruction or refreshed quote
Confirm the daily amount, permitted extension period and payment-receipt cutoff. Do not extrapolate indefinitely.
Fictional payoff-date adjustment
An authored teaching record; amounts and situations are fictional, not market statistics or actual borrower files.
- Quoted payoff: $200,850 through the stated date, including $200,000 principal, $750 accrued interest and $100 fees.
- Assume the quote explicitly permits three additional days at $40/day with no other change.
- Additional interest: 3 × $40 = $120. Adjusted total: $200,970.
If the quote does not authorize that extension, request a new quote instead of relying on this arithmetic.
Turn the record into a usable next step
- 1
Request the quote from the current servicer for the expected receipt date. Match the loan and property identifiers using trusted records.
- 2
Have the settlement professional reconcile the total and any prepayment provision. Keep the original balance and quote so the difference is explainable.
- 3
If funding moves, obtain a refreshed amount or follow the documented extension exactly. Independently verify wire instructions and confirm payoff processing afterward.
What this evidence does not settle
The example’s daily amount is invented and supplied as an input, not derived from a real loan. This page neither requests funds nor gives payment instructions.
Sources and scope
- CFPB — Payoff amount versus current balance
Explains interest through the intended payoff date and other possible amounts.
Read November 1, 2026. This is the check date, not a new effective date for the source.
- CFPB — What is a prepayment penalty?
Defines early-payoff charges; the signed contract determines the actual terms.
Read November 1, 2026. This is the check date, not a new effective date for the source.
The review steps are DSCRDealCheck’s editorial checklist. Agency guides and consumer mortgage explainers define documents and concepts; they do not establish a DSCR provider’s program rules or guarantee that consumer disclosure requirements apply to business-purpose financing. See the transaction-scope distinction in Regulation Z. Confirm the actual file with the provider and the relevant qualified professional.
Continue the loan terms review
Choose the unresolved document in your file. Each guide addresses a different input or obligation.