[motion]

So, I was thinking more about this...

Lets say you're making extra payments. Your payment coupon is going to stay the same, year after year (assuming your impounds don't increase). How are you saving money on the interest of the loan, if your payments are being applied to the 'back-end', when there are essentially little or none of your payment going to interest? IE, the interest is paid off mostly in the earlier portions of the length of the loan.

Only thing I can think of, is that your normal monthly payment is applied differently to the loan.... in other words, since you're also making extra payments, more of your normal monthly payment is being applied to your principle, and less to interest. Do I have that right?