Finally, the last line of the mortgage’s amortization schedule table displays the total amount paid in interest and principal during the entire tenure of the term loan.read more, the interest charged in the later periodic payments decreases as the outstanding loan depreciates owing to the payment of the principal component. Every installment comprises of principal amount and interest component till the end of the loan term or up to which full amount of loan is paid off. This variation in the mix of interest component and principal component occurs because, in a loan amortization schedule Loan Amortization Schedule Loan amortization schedule refers to the schedule of repayment of the loan.In contrast, the later periodic payments in the schedule are majorly comprised of principal payment.
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