86% of payments going into interest?

Hi! We closed on our first home in April of this year. Since then we’ve paid 6 months worth of payments of $2,465.74. Looked at our banking app and it shows that 86% of it is going into interest while only 14% goes into principal.

Is this expected? I imagined it should be closer to like a 60:40 split.

Hi! We closed on our first home in April of this year. Since then we’ve paid 6 months worth of payments of $2,465.74. Looked at our banking app and it shows that 86% of it is going into interest while only 14% goes into principal.

Is this expected? I imagined it should be closer to like a 60:40 split.