Changes

The term is also used in [[real estate]] to refer to the "amortization schedule", a listing of each normal monthly payment on a [[mortgage]] which breaks down how much is allocated to interest, principal, and escrow.  (The schedule does not take into consideration any accelerated or additional payments which the homeowner may choose to make along with the normal monthly payment, nor any late fees accrued due to failure to make payments as scheduled.)

The term is also used in [[real estate]] to refer to the "amortization schedule", a listing of each normal monthly payment on a [[mortgage]] which breaks down how much is allocated to interest, principal, and escrow.  (The schedule does not take into consideration any accelerated or additional payments which the homeowner may choose to make along with the normal monthly payment, nor any late fees accrued due to failure to make payments as scheduled.)

[[Category:Accounting]]

[[Category:Accounting Terms]]

[[Category:Real Estate]]

[[Category:Real Estate]]