Select a term from the dropdown text box. The online mortgage
dictionary will display a definition, plus links to other
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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.
To see how an amortization schedule is used to solve a real-world mortgage 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.