Your first mortgage payment usually depends on when your mortgage was completed and your lender's payment schedule. Here's what to expect:
​
Completion Date:
Typically, your first payment is due about one month after your mortgage completes, but this can vary depending on your lender.
​
Notification from Your Lender:
Your lender will send you a letter or statement after completion, which will include:
​
The date of your first payment
The amount due
Details about your regular monthly payments going forward
First Payment Amount:
Your first payment might be slightly higher than usual because it may include interest from the date your mortgage completed to the end of that month, along with your standard monthly payment.
​
If you haven’t received a confirmation yet, it’s always a good idea to get in touch with your lender. They’ll be happy to help and ensure everything is clear.