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-   -   Lump sum mortgage pay off (https://www.askmehelpdesk.com/showthread.php?t=245349)

  • Aug 4, 2008, 06:12 PM
    boram
    Lump sum mortgage pay off
    I would like to pay off my home mortgage in one lump sum payment, so will I have to
    Pay more than I currently owe or less?
  • Aug 4, 2008, 06:14 PM
    danielnoahsmommy
    You should contact your mortgage co
  • Aug 4, 2008, 06:17 PM
    LisaB4657
    The payoff is going to be the outstanding balance, plus any interest that has accrued since your last payment. The payoff will also probably include a few fees such as the cost of recording the cancellation and a payoff statement fee, but those aren't usually more than $25-$50. So the payoff amount will probably be more than your current outstanding balance but not much more.

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