In simple terms, it’s the way your mortgage payments are distributed on a monthly basis, dictating how much interest and principal will be paid off each month for the duration of the loan term. Jump to amortization topics: –Principal vs. Interest –Fully Amortized vs. Interest-Only –Mortg...
Simple, if the lender and borrower agree on an amount that is not large enough to pay the interest due it results in negative amortization. Thisamortization calculatorgives the user the ability to set any payment amount. Enter the agreed upon payment, and if it is less than the interest due...