What information is typically included in an amortization schedule?

An amortization schedule is a detailed table that outlines each payment for a loan over its term. It specifically breaks down each individual payment into principal and interest components, allowing borrowers to see exactly how much of their payment goes toward paying down the loan balance (principal) versus how much is paid in interest charges. This breakdown is crucial for understanding how the loan progresses over time, especially in the context of how much equity is built through each payment.

While the total interest paid over the loan term might be an important figure for some, it does not provide the detailed payment breakdown found in an amortization schedule. Similarly, information regarding property taxes or the total cost of the mortgage, including fees, does not fall within the scope of what an amortization schedule offers. These elements may be relevant in a broader financial analysis but do not constitute the primary function of an amortization schedule, which is to provide a clear view of loan repayment structure.