Amortization Schedule

Mortgage loans are repaid over time, usually in equal monthly installments, based on an amortization schedule. Amortization schedules for fixed rate mortgages contain a declining amount of interest and a rising amount of principal repaid each month as the total loan value declines. Read about PITI (principal, interest, taxes and insurance), the core components of monthly homeownership costs.

Check out our Mortgage Calculator for a closer look at amortization schedules