Foreclosure Calculator
Calculate foreclosure amount owed and payoff amount based on loan balance, missed payments, and fees.
How it works
Calculates total foreclosure costs including missed payments, accrued interest, late fees, and legal costs. Payoff amount includes all amounts needed to bring loan current.
Example
$200,000 loan balance + 3 missed payments of $1,500 + 6% interest + $2,000 fees = $206,775 payoff amount.
FAQ
What is the difference between foreclosure amount and payoff amount?
Foreclosure amount includes all costs if the property goes to foreclosure sale, while payoff amount is what you need to pay to avoid foreclosure and bring the loan current.
How long does the foreclosure process take?
Foreclosure timelines vary by state, ranging from 120 days to over 2 years. Judicial foreclosure states typically take longer than non-judicial states.
Can I stop foreclosure after it starts?
Yes, you can stop foreclosure by paying the full payoff amount, negotiating a loan modification, or filing for bankruptcy in some cases.
What fees are typically included in foreclosure?
Common fees include late fees, attorney fees, court costs, property inspections, and advertising costs for the foreclosure sale.
How does missed payment interest compound?
Missed payments continue to accrue interest at the loan's interest rate, and this interest compounds over time until the payment is made.