The principal balance is the amount of your mortgage loan, not counting interest — the face amount on the note minus any principal payments you have made.
Pages on the site that refer to principal balance
How advantageous are extra payments?
purchase
> planning tools & calculators
How advantageous are extra payments?
refinance
> planning tools & calculators
"The process went very smoothly considering I needed a quick close. Everything was handled well by our Chase Loan Specialist."
– Brian R.
