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Home  »  Mortgage Guides  »  Mortgage Amortization Schedule

Mortgage Amortization Schedule

 

Description
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 time. You can download the free Mortgage Amortization Schedule calculator here.

 

Details

Version : Excel 2003 or later
File Size : 103 KB

Download Mortgage Amortization Schedule

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