Tag: amortization table extra payments excel

Amortization Table Extra Payment

Amortization is the method of paying off a debt with periodic funds or installments. Mortgages are an instance of an amortizing mortgage. Normally, you pay a certain quantity every month, with a proportion going to the principal and curiosity. As you pay down your mortgage and the stability shrinks, extra of your funds go to lowering the principal reasonably than …