Mortgage Due Date

If you just obtained a mortgage or are considering acquiring real estate, you may be wondering when your monthly mortgage payments will be due, among other things (like how late Ikea is open). Mortgage payments are typically required on the first of the month, every month until the loan is paid off or you sell the home. So it doesn't matter when your mortgage funds — whether you close on the 5th or the 15th, the mortgage is still due on the first.