HOW TO MAKE A PAYMENT

Easy payment options

Autopay

Recurring automatic monthly payments

Advantages

  • Fast, secure way to pay
  • Easy to set up, edit and cancel
  • Add an account once, and we’ll continue to remember it
  • Adjust payment amounts automatically and add extra toward principal

FREE

Process time
Same-day payment credit, with one to two business days for full processing

Online

One-time online payments

Advantages

  • Fast, secure way to pay
  • Schedule payments easily
  • Add an account once, and we’ll continue to remember it

 

FREE

Process time
Same-day payment credit, with one to two business days for full processing

Other ways to make a payment

Mail

Conveniently drop your payment in the mail.

POSTAGE REQUIRED

Process time
Time to process is usually around 7 to 10 business days

Learn more

Phone

Talk to an agent or use our 24/7 automated system.

FREE

Process time
Same-day payment credit, with one to two business days for full processing

Learn more

Branch

Make your payment at a nearby U.S. Bank branch.

FREE

Process time
Same-day payment credit, with one to two business days for full processing

Find a location

MORTGAGE PAYMENT BREAKDOWN

What’s in your monthly payment?

Your monthly mortgage payment includes amounts paid towards principal, interest and escrow. Over time, more of your payment goes towards principal and less towards interest. Principal is the amount of loan paid over the term. Interest is the borrowing cost. Escrow includes taxes and insurance, if applicable.

Could my monthly mortgage payment increase?

Your payment could increase for reasons such as escrow amount changes. Learn more about factors that can impact your mortgage payment.

Illustrated graph of an example of the amounts of principal, interest and escrow in a typical mortgage.

PAYING EXTRA TO SAVE LONG-TERM

Extra payments for quicker payoffs

To pay off your mortgage more quickly, you can always pay more than you owe each month. Those extra payments will help lower the loan balance and decrease the total cost of interest, which is explained in this article about amortization. Visit our repayment calculator to determine how you can save money by paying off your mortgage early.

Example of statement
Both paper and online monthly statements display due dates and cutoff dates.

HOW TO AVOID LATE FEES

What to know about payment due dates

Your due date was set at the time of closing, and it can’t be changed afterwards. You can find the due date on your online account dashboard or monthly statements.

Payments received after the due date will be flagged as late. Payments received after the cutoff date will be charged a late fee, as shown in your monthly statement.

If payment is more than 30 days late, consider mortgage assistance.

Top tips for mortgage holders

PAYMENT HISTORY

Find your payment history.

Learn how to access your payment history easily online.

CANCEL PAYMENT

Need to cancel a payment?

Here’s what to do if you need to cancel a pending payment.

ACCEPTABLE ACCOUNTS

Pay through a bank account, not with a card.

We accept payments drawn from a valid checking or savings account. Credit or debit cards are not accepted for mortgage payments.

Frequently asked questions

Have additional questions about your mortgage?

Our mortgage experts are available to assist Monday through Friday 7 a.m. to 8 p.m. CT and Saturday 8 a.m. to 2 p.m. CT. 

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Disclosures

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Deposit products are offered by U.S. Bank National Association. Member FDIC.