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2. Principal balance - Wikipedia

   en.wikipedia.org/wiki/Principal_balance

   The principal balance, in regard to a mortgage, loan, or other debt financial contractual agreements, is the amount due and owed to satisfy the payoff of an underlying obligation. It is distinct from, and does not include, interest or other charges.

3. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. [2] A portion of each payment is for interest while the remaining amount is applied towards the principal balance. The percentage of interest versus principal in each payment is determined in an amortization schedule.

4. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Mortgage payments, which are typically made monthly, contain a repayment of the principal and an interest element. The amount going toward the principal in each payment varies throughout the term of the mortgage. In the early years the repayments are mostly interest. Towards the end of the mortgage, payments are mostly for principal.

5. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Mortgage payments typically consist of principal (the amount borrowed), interest, property taxes and homeowners insurance. They can also include mortgage insurance or a guarantee fee.

6. Average monthly mortgage payment - AOL

   www.aol.com/finance/average-monthly-mortgage...

   Note: To calculate the monthly principal and interest payment, we assume a 30-year mortgage at a fixed 6.9 percent interest rate and a 20 percent down payment. Home price Loan size

7. Mortgage recasting: What it is and how it works - AOL

   www.aol.com/finance/mortgage-recasting-works...

   Mortgage recasting vs. making principal payments. Mortgage recasting differs from simply making principal payments mainly because the former reamortizes your loan. When you make extra principal ...