> Currently for the first 5 years of a 30 year mortgage, you’re only paying the interest with no payment going towards the principal. Interest-only mortgages d

> Currently for the first 5 years of a 30 year mortgage, you’re only paying the interest with no payment going towards the principal. Interest-only mortgages do exist, but that's highly atypical. On a normal (in the US) 30 year fixed mortgage you are never paying only interest. > What I really don’t agree with regarding the payment structures is why mortgage companies are allowed to frontload the interest payments. They are not! It might seem that way but it's simply the monthly interest on the amount owed. Obviously on month #1 you owe the most money, so you pay the most interest. Every subsequent month you owe a little bit less (since you paid off a bit of the principal last month) thus the same percentage of interest is now less.