Finance category
Mortgage, loan, investing, tax, and money calculators.
Forbearance Catch-Up Calculator
After a mortgage forbearance ends, you have to pick a catch-up path. This calculator shows the new monthly payment under each common option so you can compare and pick what works.
Total arrears
$14,400
New monthly payment
$3,600
How it works
+1200/mo for 12 mo
How the math works
Forbearance pauses mortgage payments temporarily. When forbearance ends, borrowers must choose a catch-up structure. Four main options: lump sum (rare — no one has the cash), repayment plan (add to regular), deferral (non-interest lien payable at sale/refi), or modification (full re-amortization).
Deferral is the most common post-COVID option because it doesn't raise monthly payments. Modification works when the borrower also needs a lower payment. Lump sum is rarely feasible. Always negotiate from loss mitigation, not collections.
How to Use
- Enter your normal monthly payment and months forborne.
- Pick an option: lump sum, repayment, deferral, or modification.
- For repayment, enter spread months.
- For modification, enter current loan balance and rate.
Frequently Asked Questions
What's the most common post-COVID option?
Payment deferral / partial claim. Arrears become a non-interest-bearing lien due at sale/refinance/payoff. Keeps monthly payment unchanged. Available on most GSE-backed (Fannie, Freddie) and FHA loans.
Does forbearance hurt credit?
No — approved forbearance is reported as 'current' for accounts in good standing at time of approval. Unapproved missed payments still hit the credit report. Always get forbearance in writing from the servicer.
Can I refinance during forbearance?
Usually not — you need to exit forbearance, make 3-12 consecutive timely payments (depends on loan type), then refi. Deferral and modification don't block refi as long as current.
Related Calculators
Loan Modification Calculator
Modification structures.
Delinquency Cost Calculator
Full cost of falling behind.
Mortgage Recast Calculator
Recast for lower payment.
Refinance Calculator
Refi after exiting forbearance.
Late Payment Fee Calculator
Single-payment late fees.
Debt Settlement Calculator
For other debts in play.
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