Use this free mortgage amortization schedule to create a loan summary and payment
schedule based on the terms of the initial loan.
When used in the context of a
home purchase, mortgage amortization schedule is the process by which your loan principal
decreases over the life of your loan. With each mortgage payment that you
make, a portion of your payment is applied towards reducing your principal
and another portion of your payment is applied towards paying the interest
on the loan.
An Amortization table shows this ratio of principal and
interest and demonstrates how your loan's principal amount decreases over
You can download the free Mortgage Amortization Schedule calculator