The Amortization window has several fields where you enter values of input variables for an amortization. You must fill out the first four fields: Loan Amount, First Payment Date, Number of Years, and Interest Rate. The remaining three fields are optional: Extra Monthly Payment, Semi-Annual Tax, and Annual Insurance.
The last two input fields let you include additional costs of buying a property in the report. The values in these fields do not change the numbers in the loan payment schedule. These are merely convenient for showing your client a more complete financial picture of the property.
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Amortization: First Payment Date
Amortization: Extra Monthly Payment
Amortization: Annual Insurance