Amortization: Report Format

If you select Printer, Save to Disk, or Editor for your Destination, PC Access outputs an amortization schedule with:

· Total Monthly Payment

· Interest Payment

· Principal Payment

· Loan (Principal) Balance

· Total Interest Paid to Date

· Total Principal Paid to Date

· Total Interest Paid (Years 1 to 6)

This information helps the client decide whether they can afford a particular property. The calendar-year interest paid can be helpful if the client plans to deduct mortgage interest.