Understanding Amortization Schedule: A Comprehensive Guide
Understanding Amortization Schedule: A Comprehensive Guide Have you ever wondered how your mortgage payments are calculated? Do you want to know how much of your monthly payment goes towards paying off the principal amount and how much goes towards paying off the interest? If yes, then you need to understand what an amortization schedule is. What is an Amortization Schedule? An amortization schedule is a table that shows the breakdown…