1 100 Minecraft Getting Story-Driven Series from Telltale GamesMinecraft: Story Mode -- A Telltale Game Series coming in 2015 to consoles, PC, and mobile devices.
After closing, your first mortgage payment comes due one full month after the last day of the month in which your mortgage closed. Using the April example again, if you close April 15 or April 29, your first mortgage payment is due on June 1.
Paying interest is opposite of rent, which is always paid in advance. If you pay rent for June, it is due June 1 and covers the month in advance. When you make your mortgage payment, you are paying for interest from the previous month. When you close on an FHA mortgage -- or any mortgage loan -- you are going to skip the month following the closing, and the first payment will be due on the first day of the next month. For example, if you close your FHA loan on June 15, your first payment will be due Aug. 1.