I was checking out my bank statement today and my mortgage loan is also through the same bank so I get to see how much money I still owe on my house and I have to say I was shocked. I've been in this house for two years now. Our starting loan amount was $258,000, I've made 17 payments of $1747.20 and then homeowners insurance was raised and the last 7 payments have been at $1939.48. So if you add all that together the total amount I have paid toward my loan is $43,278.76. Now of course this total includes money that I have put towards my home owners insurance and state taxes. So minus $4000.00 ($2000 a year) for that, leaving $39,278.76, which sounds great, but when I went to look at my loan balanced I noticed it was at $250,000 meaning I paid $8000 on my loan and the rest $31,278.76 went to interest. I feel sick to my stomach that so much of my mortgage payment went to interest and so little to the principle. How can banks be failing with a rip off scams like this.