After several failed Bank of America “Modifications” Our monthly payments went from our original loan payment of $1200. Up to $1600. this year – And will “Step Up” to $2100. Next year! BofA has established an entirely new $24,000 debt “servicing fees” against our original $192,000. loan, then simply added the two together, totaling $216,000. on a home that appraised this year at $108,000. Contact for more information: rpsomerton@gmail.com