Understanding Your Mortgage Payment

Your mortgage payment is likely one of your largest monthly expenses. See what's included and find the most convenient payment options for you.

What makes up your monthly payment:

  • The largest piece of your monthly payment is your principal and interest.

    Principal and Interest

    Principal is the amount you pay towards your loan balance, while interest is the cost of borrowing money for your home loan.

  • The second largest piece of your monthly payment is taxes.


    Each month we may collect a fraction of your annual property tax and put it into an escrow account to be paid on your behalf.

  • The last piece of your monthly payment is insurance.


    We may also collect an amount towards your homeowners insurance and hold it in your escrow account to be paid when it's due.

Convenient Payment Options

We offer several payment options to help make life a little easier for you.

Easy Pay

Set up automatic payments from the account of your choice.

Log in to set up Easy Pay

Budget Easy Pay

Split your monthly amount due into smaller, more frequent payments to reduce the interest you'll pay over the life of your loan.

Learn more about Budget Easy Pay PDF

One-Time Payments

Whether submitting your monthly payment or making an additional principal payment, you may sign in to online banking or our mobile app, select your mortgage and click Make a Payment.

Sign in to Online Banking

You can also make a payment by phone at 1-888-842-6328, or at a Navy Federal branch or ATM.

Manage Your Mortgage Account

For details about your mortgage, sign in to online banking and click on your mortgage account from your Account Summary page. From there, you can also:

  • Set up account notifications

    From payments received to taxes and insurance paid, you can set up convenient notifications to meet your needs by clicking on My Profile.
  • Request loan documents

    By selecting Statements and Documents, you can request a copy of your Appraisal, Note or Deed of Trust.
  • Pay off your loan

    Ready to pay off your mortgage? Under Statements and Documents, you can obtain your full payoff amount. Select Payoff Statement and fill out the required information to obtain your payoff statement.

Need help? If you're having trouble keeping up with your mortgage payments, we have programs to help.