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Finance

Amortization Schedule

A table that shows every payment on a loan and exactly how much goes to interest versus principal.

Amortization schedules help you see how fast you're paying down debt. Early payments are interest-heavy; later ones are mostly principal.

It's like a detailed map that tells you how much of each payment is gas money versus actually moving you closer to your destination.

Real world: On a 30-year mortgage the first payment is mostly interest, but by year 25 almost every dollar reduces the actual loan balance.

💡 Check your amortization schedule before making extra payments — it shows exactly how much faster you can kill the loan.