Amortization Schedule
A table showing each scheduled loan payment over the full term, broken down into how much goes toward principal versus interest.
Early in a loan’s term, a larger share of each payment typically goes toward interest, with the principal portion growing over time, even though the total payment amount usually stays the same on a fixed-rate amortizing loan.
Reviewing an amortization schedule shows a business exactly how much of the loan balance remains at any point, which matters for decisions like prepayment, refinancing, or understanding the true cost of paying a loan off early.
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