Your loan balance is the amount you still owe on the mortgage principal, which is the original sum you borrowed. A portion of your monthly payments go towards paying off the balance.

FHA.com: Home Purchase and Refinance Loans

FHA Loan Programs for 2024

The most recognized 3.5% down payment mortgage in the country. Affordable payments w/good credit.

Are You Watching Your Credit Score?




- Improving Your Credit Score Has Never Been More Important -

FHA.com is a privately owned website, is not a government agency, and does not make loans.
FHA Home Loans

Choose a Loan Type

FHA.com is a privately owned website, is not a government agency, and does not make loans.

Loan Balance

Related Terms: Mortgage Balance
The loan balance is what you have left to pay on the mortgage principal. The difference between the original mortgage amount and the amount you’ve made in principal payments gives you the loan balance.
Loan Balance
Knowing the balance on your loan is important. It helps you stay on top of your payments and make decisions about making prepayments. There are online resources such as amortization calculators that can help you figure out the monthly payments as well as how many you still have to make to pay off the loan.

There are times when the balance is not paid during the term of the loan. This can occur when a balance, or a “balloon payment” is still owed because the loan didn’t fully amortize. On the other hand, the loan balance can be paid off early by making prepayments towards the principal in order to reduce the amount paid towards interest.
 

Do you know what's on your credit report?

Learn what your score means.