Mortgage payments change based on what kind of home loan you have, or if your taxes and insurance premiums have changed.

Insurance and taxes
Your escrow account is used to pay for insurance and taxes. When there’s an increase or decrease to those costs, your mortgage payments are adjusted accordingly.

Type of home loan
Interest rates can change on adjustable-rate mortgages, buy-down mortgages, and interest-only mortgages. Based on the terms of your specific loan, the interest directly impacts how much is due each month.

Construction loans have a monthly amount due based on the current principal balance. If it increases or decreases, the amount due changes as a result.

More information

To learn more, visit our U.S. Bank mortgage payments page.

To freely explore our digital banking services without using your own account, visit our Digital Banking Simulators page. If you'd like a step-by-step tutorial on how to use a specific service or feature, check out our Digital Explorer page.