What is Mortgage Amortization Schedule?

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.

Morgage Amortization Schedule

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