When you pay your mortgage, the first amount of the payment goes towards your interest, and the rest is applied against the outstanding balance.

So to keep things simple, let's say you owe $100,000 on your mortgage, and the interest rate is 6%. The monthly interest you owe on this mortgage is currently $500 calculated as: $100k * 6% / 12 months.

So if you make three payments all at once, the mortgage company will only apply $500 towards interest, and the rest will go against the outstanding balance.

So I guess you should ask the mortgage company how they will process the two checks you sent in early. Hopefully, they will apply them against the next two months, and give you credit for the interest next year. I hope this helps you out.

Zip Code: 01801