If i close june 1st when is my first mortgage payment due

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    After you’ve signed all of those papers at the closing table and have the keys in your hand, it’s finally real — you’re a homeowner! Which means you have a brand-new responsibility, a mortgage payment.

    Do you know when the first mortgage payment is due after closing?

    Instead of figuring out when your first payment is due after you have closed, it’s better to figure out when you want to make your first payment, and then close accordingly.

    Here’s what you should know.

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    When is the first mortgage payment due after closing?

    You’ll make your first payment on the first of the month after you’ve owned the home for 30 days.

    If i close june 1st when is my first mortgage payment due reddit

    So if you close on July 18, your first mortgage payment will be due September 1. At closing, you will have to prepay the interest on your loan for the days when you own the house but have not yet made a payment. This interest payment

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