[thelastparadise]

> What people don't understand though is interest payments are front-loaded.

This is completely wrong. In the U.S. at least, interest is calculated based on the remaining balance.

It is not "front loaded" at all. It's just that your balance is highest at the start of the term.

A borrower can pay down extra principal at any time if they so choose and interest (absolute, not rate) will go down the next month.