If I'm paying the same amount to a loan every month (several hundred dollars over the 'monthly payment'), shouldn't the amount going to the principle increase every month?

If I look at an amortization table, it leads me to believe that the amount applied to the principle should increase every month and the amount applied to interest should go down. What am I missing?

Submitted April 10, 2017 at 08:45AM by to_go_tea http://ift.tt/2opJFbK