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Do I understand correctly? The penalties and interest have been applied to the principal of the loan? If I was not clear in my description, the total amount that they paid each month was correct. It was just that the part of the payment that was made at the middle of the month was too...

I am inquiring on behalf of a friend of mine. He and his wife have a 15 year loan on their house. The monthly payment is $1140. His wife has been paying $500 on the 15th of the month and the rest was taken out of her husband's retirement at the end of the month (He retired from this bank). What...