Introduction to Mortgage Loans — Amortization Explained
A visual walkthrough of an amortization schedule — showing how each payment splits between principal and interest across 360 rows, where the crossover happens, and what extra payments do to the table.
What you'll learn
- How to read an amortization table row by row
- The "crossover point" — when principal paydown exceeds interest in each payment (around year 19 on a 30-year)
- The exact dollar impact of adding $200/month extra on a $400,000 loan
- How lump-sum extra payments compare to monthly extras for total interest saved