So I refininaced about 1 1/2 years ago with Compass Bank. It is a 30 year fixed second mortgage with a rate of 8.9% in the amount of $100k. On the monthly bill I get from them, it shows that I have $197.01 out of $805.77 going to principle, which leaves $608.76 going to interest. So I assumed that's what it was doing. I later noticed that they put a balance on the lower left hand side & that balance was the same as the previous month. Then I looked back as far as March & it was still the same back then. My bill is due on the 10th & I usually pay it after the 10th but before the 11 day grace period is up. I do this because that is when I have the money to pay it. So when I called they said that interst is being taken from my principle every day that my payment is late. They said it equates to about $25.00 for each day that I'm late. So how could I have a 30 year FIXED loan that could potentially end up being far more than 30 years? This is aggrevating. I have lost about $2,000.00 that should have gone to my principle because I pay my bill a couple of days beyond my due date. Can anyone help me out with this one?