Does it make a difference when a mortage is paid at the end or beginning of the month?

3 Responses to “Does it make a difference when a mortage is paid at the end or beginning of the month?”

1. MadMan says:

   October 21, 2010 at 4:08 am

   It makes about $15 per month difference. You can use the PMT function in Excel.
2. Micki says:

   October 21, 2010 at 4:42 am

   It depends upon the terms of your mortgage. You should discuss this with yor loan officer.
3. golferwhoworks says:

   October 21, 2010 at 5:16 am

   as long as you are not late you can pay on the first or sooner but unless you are making extra payments to the principal very little difference in accrued interest

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