I dont understand why my mortgage payment went up and I have a fixed rate, something about pmi? -

PMI shouldn't go up, only down. If it's your escrow account, either your insurance went up, or your taxes went up. But why ask us?? You need to call your mortgage company and ask THEM. call the mortgage people to find out. do make the extra payments. real estate taxes could have increased, or the escrow amount that was included in your monthly payment wasn't enough to cover the taxes, so they had to increase it - that's happened to me each of the first 2 yrs I've had my mortgage Did you have PMI? Did they add it? PMI is mortgage insurance. It is the money you pay to an insurance company to cover the risk of you defaulting on the loan. It is required on most loans made with less than 20% down. PMI rates do not generally rise. Usually the cost is fixed. Call the mortgage servicing department, and demand an explanation as to why your payment went up. Looks like your lender has added PMI insurance to your loan. PMI is extra insurance that lenders require from most home buyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI. Are you sure it's pmi? Usually when a fixed rate mortgage goes up it's due to the escrow account. If you have money added to your payment to pay taxes and insurance that can cause your payment to go up. The bank estimates that the account will need more money (i.e. increase in taxes) so the payments go up. Not sure this is your problem right now, but it is a possibility. Is it possible that your house is worth less than when you purchased it (meaning that you owe more than 80% of the current value)? If so, perhaps they added PMI to your mortgage?