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What is the difference between my current principal balance and the total payoff amount due?

April 26, 2017Balance payoff Principal total

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10 Posted

What is the difference between my current principal balance and the total payoff amount due?

1 Answer

0

10 Posted

Your current principal balance is the total amount remaining on a loan, excluding accrued interest and unpaid fees and costs. Your total payoff balance amount owed to Bayview Loan Servicing, LLC includes principal, interest, fees, late charges, etc. This amount will change based on your date of payoff.