Question: What is Mortgage Amortization Schedule?
Answer: A timetable schedule for payment of a mortgage that shows the amount of each payment that should be applied to interest and principal and the remaining unpaid principal balance after each payment is applied.
A sample of Mortgage Amortization Schedule is shown below. A 30-year mortgage would show 360 lines of mortgage payments. 12 months/year x 30 years = 360 Amortization schedule.