Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Amortization Schedule

What is Amortization Schedule?

Definition
Amortization table shows the calculation of periodic interest and the application of periodic payment towards the principal and interest.
What It Means
Amortization table is a tabular presentation of the periodic payment amount, principal amount, interest, and the unpaid principal balance for each payment period. In the case of a mortgage loan, the amortization table will show the calculation of monthly interest had how the monthly payment is allocated towards principal and interest each month.
Other Names
Amortization Schedule
Category
Finance

Related Terms

  • Amortization Period: The amortization period is the time period during which the entire principal amount will be paid off.... Read More
  • Amortization: Amortization is the process of establishing equal periodic payments such that the payments will pay off the entire principal and interest by the end o... Read More
  • Loan Term: Loan term is the time period within which the borrower has to repay the loan amount and interest and satisfy all the terms of the agreement.... Read More
  • Fully Amortizing Payment: Fully Amortizing Payment is the equal periodic payment such that the series of payments over the life of the loan will pay off the entire principal an... Read More
  • Periodic Payment: Periodic payment is the scheduled payment due each period and includes interest, principal, taxes, and insurance.... Read More
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