Years ago, when we bought our first house, we were given some good advice from the man who sold it to us. He said to get an amortization schedule. It would help us pay our loan off early. So we got one, and it was a real eye opener for me. An amortization breaks down the nitty gritty details of your loan and shows you how much goes to principal and how much goes to interest each month. And if you got a loan with no prepayment penalty, then you can use it to systematically pay down your debt early. It amazed me when I first looked at it, that out of our payment, $100's went to interest each month and only like $20 went to principal. So easily I could just pay another $20 extra each month and cut the life of the loan in half. It does change as things go along, but that's how a loan begins. So for the first couple of years, I socked away all I could to principal. In 4 years, our 20 year loan was paid in full. Knowledge is power. Go online and get an amortization schedule, or get one from your bank that is providing the loan. You will save some serious cash!!