Ok, iam a first time home buyer so iam new to this. I want to make my first mortgage payment to my bank which is also my last payment because I got a notice in the mail that the sold my home loan to another bank. Well I went to my bank to make what I thought was going to be my monthly morgage payment of 1,500 but they said since its a payoff I owe them 1,876 because of principle and interest or something like that. I just find this so unfair because here iam trying to make my mortgage payment on the agreed mortgage payment of 1500 and since they sold my loan I have to pay more? Somehow this doesn't seem fair? Its not my fault they sold the loan. I called my new bank which they sold the loan to and they said my payment for next month is the regular 1500. Is this normal? Will I get the extra money iam paying back?