Definitions for

**"Amortization tables"**The amortization tables allow you to see a summary of unpaid principal, interest paid, and initial monthly payments for each year of your loan.

Tables of values that show the gradual reduction of debt that occurs as a loan is paid off.

Mathematical tables that show how a mortgage or other loan is gradually repaid by applying the appropriate amounts of the loan payment to principal and interest. In the beginning of the repayment period, only a small portion is applied to reducing the loan principal. As the loan approaches maturity, the portion of the payment applied to principal rises.