This is how loans work – since your principal is high, you are paying more interest. As the principal goes down, the interest portion drops. You can take out a shorter duration loan or pre-pay principle at any time to push this down.

MatrixMysteries on X: “An American buys a $784,000 home with a $5,700 monthly mortgage. After 4 years and $285,000 paid, only $50k hits the principal. $230,000 is PURE interest. Over 30 years she’ll pay $1.6M for a $784k house. This isn’t “homeownership” — it’s usury. https://t.co/RDVshCMz5u” / X

Another “financial expert” says we need incomes of $200k to nearly $300k to live comfortably in the United States: