An amortization table shows how a payment breaks down to principal paid and interest paid. The amortization table will also keep track of how much principal remains left to be paid.

You can also use a biweekly loan amortization template to figure out how your payments and schedule differs by making half-payments every two weeks instead of 12 whole payments in a year.

Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.

However, it is fairly easy to calculate an amortization table on your own. To start off, you need to know three facts: – Your current monthly principal-and-interest payment.

Mortgage amortization shows how your loan's principal and interest change over time, giving you valuable insights into how your equity is built and how your mortgage is repaid.