How to Figure Out How Much Is Left on a Mortgage

The thrill of owning your own home can wane a bit with the relentlessness of monthly mortgage payments. Still, those payments each month increase the equity -- or degree of ownership -- you have in your home. To discover the equity amount, you need to know how much is left on your mortgage -- the mortgage balance -- and deduct it from the value of your property. You might also want to find the balance to see how much you have been paying in interest vs. principal.

Step 1

Check your lender's website. Log in to your account and navigate to the page that displays your mortgage balance. The payment page or statement page may include this figure. Online balances typically undergo frequent updates, so the amount should reflect recent payments.

Step 2

Phone your lender. Have your account number, as well as identifying information, such as name, address and Social Security number, handy. Once your identity is verified, your lender may release the balance information by phone.

Step 3

Check your printed statement. Keep in mind that the statement is only current as of the date it is printed. Be sure you are consulting the most recent statement and that it reflects your most recent payment.

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