amortization schedule is a month by month allocation of your monthly
payment toward your loan's principal and interest. For
example, a standard 30 year mortgage amortization schedule
outlines 360 consecutive monthly payments and how a loan will be
paid off in fixed payments combining principal and interest.
an amortization schedule you can see how the payment allocation
toward interest decreases and toward principal increases as the
term progresses. Using the amortization schedule you can
gage the amount of equity you will have at any given time during
the loan term.
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