Components of a Mortgage Amortization Table

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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Types of mortgages

Section 15 of 72

To visualize this process, lenders use an amortization table. This is a detailed schedule that breaks down every single payment over the life of the loan. For each month, the table lists the total payment, the amount allocated to interest, the amount allocated to principal, and the remaining loan balance after that payment is made.