What is an Amortization Schedule?

What is Amortization?

Components of an Amortization Schedule

Importance of Amortization Schedule for Borrowers

Constructing an Amortization Schedule & Calculating Monthly Payments

Common Amortization Schedule Methods

Conclusion

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Equated Monthly Instalment (EMI)

Principal

Interest

Outstanding Balance

1. Budgeting and Financial Planning

2. Tax Planning

3. Early Loan Payoff Strategies

Straight Line Amortization

Declining Balance Method

Bullet Method

Balloon Payment

What is Credit Score?