Planning with a Mortgage Amortization Schedule

A mortgage amortization schedule can be useful for: comparing my loan-balance calculations to the mortgage company’s records; identifying when mortgage insurance should no longer be required; planning the payoff of the mortgage prior to retirement or another significant life change; recognizing how much of the payment goes to insurance, taxes, etc. and will continue even after the mortgage is paid; analyzing the impact of extra payments (and later comparing this impact to the benefit of using those funds for a purpose other than mortgage payoff). Inside, there’s a link to a downloadable schedule.