All payments on the Mosaic loan first go to paying down your interest, then to paying down your principal. In some cases, it takes several monthly payments to start to bring down your actual principal balance. Keep in mind that your payment schedule has been mapped out for you, so that by the end of your loan term, your monthly payments will bring your loan amount down to $0. If it’s important to you to pay down the principal sooner, you always have the option of making additional prepayments on top of your regular monthly payments. Schedule prepayments on the Manage Payments page when you login at joinmosaic.com.