Payoff statements explained

Why your GoodLeap payoff may be higher than expected

Payoff amounts can change over time as interest accrues and account activity is processed.

How the number is builtTypical payoff statement components
01

Starting point

Expected Loan Balance

02

+ Added

Accrued Interest

03

+ Added

Possible Fees or Charges

04

+ Added

Servicing or Payoff Adjustments

Total

Amount due to close the loan

Final Payoff Quote