Open a loan and click Record Payment.
Application types
- Regular — applied through the waterfall (fees → interest → escrow → principal).
- Principal-only / Escrow-only / Interest-only — 100% to that bucket.
- Payoff — clears the loan; future scheduled rows are removed.
Under- and overpayments
- Underpayment — choose to hold it in suspense (accumulates until there's enough to apply) or apply it as a partial payment.
- Overpayment — choose where the excess goes: principal, escrow, next payment, fees, or interest.
Re-projection
When applied principal differs from the scheduled amount by more than $0.50 (a curtailment or principal-only payment), NoteHarbor re-projects the remaining schedule from the real balance at the fixed contractual payment — so extra principal shortens the loan rather than shrinking the payment.
Every payment is audited with before-and-after values.