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For a Capitol Federal mortgage, what is the difference between “Principal Balance” and “Escrow Balance”?

April 26, 2017capitol escrow balance Federal mortgage

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For a Capitol Federal mortgage, what is the difference between “Principal Balance” and “Escrow Balance”?

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“Principal Balance” is the amount you still owe on the loan. Your actual payoff amount may differ from the balance shown because interest is applied daily to your account. “Escrow Balance” is the amount currently available to pay taxes and insurance. If you need the payoff amount of your loan, please call Capitol Federal at 1-800-222-7312 during regular business hours.