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Posted in Mortgage
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Question By
RavenUchiha

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Help trying to figure out step by step on the Amortization Schedule
I'm doing a homework Mortgage Amortization Schedule, but I am VERY confused by how Credit Karma does their numbers. I can't find anywhere a break down on each number. I noticed that some of the months have some Principal paid's coming up twice. I don't understand it. If you want to figure out what I'm talking about, this is the information:
Loan: $35,000
Interest Rate: 3.5
Term: 10 years.
It comes up that I have 120 entries, with a monthly payment of $346. But, I noticed it seems like there are at least 2 months in each year that shows a duplicate of the Principal paid. I'm confused, and need help on this. If anyone can give me a breakdown on how to figure out the duplicate Principal paid it will be appreciated.

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Top Contributor
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I don't know why your mortgage has anything to with CK, don't you receive statements from your lender? Couldn't you call them and inquire whatever that you not understand regarding your mortgage.

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There is "Amortization Calculator" intermediatly to the left of your post.

Top Contributor
5038 Contributions
1136 People Helped

BankRate has good tools, maybe try there.

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