Why don't the interest and principal amounts shown on my Form 1098 match the amounts on my billing statement?

Frequently Asked Question

There are several reasons for the difference between the amounts shown on your Form 1098 and billing statement. The interest reported on your Form 1098 may include fees or exclude interest that wasn't due yet or wasn’t paid by you. The principal amount on your Form 1098 may include capitalized amounts from a modification.