Mortgage Dictionary

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Amortization Table

A loan amortization table (aka, amortization table, amortization schedule) 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 table is used to solve a real-world mortgage problem, read the discount points sample problem.

All of the mortgage calculators on this website generate an amortization table 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.

See also:   Mortgage Amortization Calculator