Can I actually catch up — and what will it take?
Repayment plans, lump-sum reinstatements, and forbearance deferrals all cost different amounts each month. See exactly what each option does to your budget before you commit.
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Fill out the payment variables to test repayment plans against lump-sum reinstatements.
Catch-Up Alternatives Explained
What is the difference between reinstatement and repayment?
Reinstatement requires a one-time lump-sum payment of all missed payments plus fees. A repayment plan spreads that missed balance across several months (typically 3 to 12 months), adding a portion to your normal monthly mortgage payments.
How does a Payment Deferral work?
If eligible, a deferral moves the past-due amount to the maturity date of the mortgage loan as a non-interest-bearing balloon payment. You resume your normal monthly payment, and the deferred amount is paid off when you sell the home, refinance, or pay off the mortgage.
What is an FHA Partial Claim?
For FHA-insured loans, a Partial Claim is a interest-free second lien registered with HUD for the total amount of past-due payments. HUD pays the lender to bring the loan current, and you pay HUD back when you pay off or sell the property.
Are repayment plans auto-approved?
No. Borrowers must contact their servicer and submit a loss mitigation review to prove they have the income to cover the higher monthly obligation of a repayment plan before it can be activated.