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When is a first mortgage payment due?

Because your first mortgage payment is always due the first full month after you close, it will usually fall between one and two months after you finalize the purchase of your house. When is a mortgage payment considered late?

How do I calculate my first mortgage payment?

To calculate this date, simply add 30 days to your closing date and, from there, jump ahead to the first day of the next calendar month. For example, if you closed on your house on Aug. 12, you can expect your first mortgage payment to be due on Oct. 1.

When are SmartAsset first mortgage payments due?

SmartAsset First mortgage payments are typically due 30 days after the closing date. Mortgage payments are paid in arrears on the first of each month.

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