Mortgage Statement at a glance
What it is: The Mortgage Statement has a Statement Date, Account Information, an Explanation of Amount Due and Transaction Activity.
A filled-in Mortgage Statement example: a servicer fills out one monthly statement
How to fill out Mortgage Statement, box by box
Statement Date, Account Number, Payment Due Date and Amount Due
Enter the Statement Date.
Enter the Account Number, the Payment Due Date and the Amount Due. If payment is received after [DATE], a late fee will be charged.
Explanation of Amount Due
Under Explanation of Amount Due, enter Principal, Interest, Escrow (for Taxes and Insurance), Regular Monthly Payment, Total Fees Charged and Total Amount Due.
More rules for Mortgage Statement
Under Account Information, enter the Outstanding Principal and the Interest Rate (Until [Date]), and enter Yes or No for Prepayment Penalty.
In Transaction Activity, each row has a Date, a Description, Charges and Payments. The form prints: "Late Fee (charged because full payment not received by _/_/_ $".
Past Payments Breakdown lists Principal, Interest, Escrow (Taxes and Insurance), Fees and Total, for Paid Year to Date and for Paid Last Month.
Under Amount Due, enter Due By, the late fee that will be charged after [Date], Additional Principal and Additional Escrow, then the Total Amount Enclosed. Make check payable to [Servicer Name].
Under Important Messages, the form prints: "Partial Payments: Any partial payments that you make are not applied to your mortgage, but instead are held in a separate suspense account. If you pay the balance of a partial payment, the funds will then be applied to your mortgage." It also prints the Delinquency Notice: "You are late on your mortgage payments. Failure to bring your loan current may result in fees and foreclosure - the loss of your home. As of [Date], you are __ days delinquent on your mortgage loan."
Under Recent Account History, list each Payment due [Date] as Fully paid on time, Fully paid on [Date] or Unpaid balance of $, then the Current payment due [Date] and the Total due. The form prints: "You must pay this amount to bring your loan current."
If you are Experiencing Financial Difficulty: See back for information about mortgage counseling or assistance.
Sources
[1] Mortgage Statement, the served form (the Official source link on this page).
