Share your insights or perspective on the financial matter presented in the input.

Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan?
Your thinking is unfortunately incorrect; an amortising loan (as opposed to interest only loans) pay down, or amortise, the principal with each payment. This means that the amount that is owed at prepayment will always be less than the total borrowed, and is also why some providers make a charge for prepayment. The "fairness" arguments that you make predicated on that misunderstanding are, therefore, incorrect.