US borrowing · Practical next steps

Loan Statement and Payoff Quote Review

Reconcile posted loan payments against your statement and compare a written payoff quote with your closing principal, listed charges and credits.

Start with your loan statement

Enter the principal balance at the end of the statement. Both checks below use this number. Use one loan and one statement period at a time. Your inputs and CSV are processed in the browser and this tool does not save them.

Reconcile your statement

Pair each planned payment with the actual posted payment it refers to. Leave the other side empty for a planned payment that never posted or an unplanned payment. For posted payments, enter the principal and interest allocations shown, using $0 where appropriate.

Enter increases as positive and reductions as negative. Include only changes outside the posted payments you enter, such as a principal adjustment.

Download the CSV template and replace its sample row. Use YYYY-MM-DD dates and plain dollar amounts.

The check subtracts posted principal from opening principal and adds any other principal changes. If your posted payments total more or less than their listed allocations, review those rows with your servicer.

Compare a written payoff quote

Copy the dollar amounts and dates from the quote. Leave a component blank to treat it as zero in this comparison. An unexplained amount can reflect differences in timing or unlisted adjustments. Ask the servicer for a breakdown before relying on the quote.

For a modeled figure, use the Loan Payoff Quote Estimator. For a mortgage, see the CFPB’s explanation of payoff amounts and current balances.

Guides for checking loan records

Scope and next steps

Educational planning only. Confirm actual costs, dates and terms before making commitments. Financial disclaimer · Editorial standards.