How is my monthly payment split between the principal and interest?

All payments on the Mosaic loan first go to paying down your interest, then to paying down your principal. A payment will only pay down the principal balance after the interest is paid down to $0.

 

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

0 Comments

Article is closed for comments.
Still need help? You can email us at support@joinmosaic.com or call +1 (510) 746-8602.