Mortgage Dictionary: Definition of Amortization Schedule
Here is the definition for 'Amortization Schedule'. To show a different definition, select a term from the dropdown text box. The online mortgage glossary will display a definition, plus links to related information.
Select term:
Amortization Schedule
A loan amortization schedule
(aka, amortization table, amortization chart) shows how each loan
payment is used to pay off interest and principal. It may also
show the unpaid principal at any point in time.
| Tip |
To see how an amortization schedule is used to solve a real-world mortgage problem,
read the
discount points
sample problem.
|
All of the mortgage calculators on this web site generate an
amortization schedule showing all the standard outputs (principal, interest,
unpaid balance). In addition, however, they show a very useful "extra" output -
they show how total mortgage cost changes across payment periods.
|