Pay off mortgage?

sherpa
Sat, 24 Jan 2009 01:32:08 +0000

One pays more interest in the early years of a loan because they are are paying interest on a higher balance; conversely, one pays less interest (and thus more principal) in later years as the balance on which interest is charged decreases.

There is no prepaid interest on an amortizing loan. That concept may be the source of your confusion.