What Is a Monthly Amortization Schedule?
A monthly amortization schedule is a statement that shows how much is left to be paid on a loan if payments are made on time. Typically, the amortization schedule will be broken down based on the amount of principle and interest remaining. Each will be listed in separate columns, along with a total outstanding balance and possibly even a statement of what has already been paid. A monthly amortization schedule is a tool many use for long-term financial planning.
