What is the definition of Amortization Schedule On Mortgage?

An amortization schedule on a mortgage is like a fun, yet slightly terrifying roadmap for your monthly payments. Imagine it's a treasure map that details exactly when you'll pay off that chunky, unsettling mortgage principal, like this: "At 6 months, you'll be paying $1,200 to hit a $20,000 house down payment. At 12 months, the same $1,200 will disappear, but you'll owe $6,000 for that grand old house. By 30 years, it'll be like paying off a bad investment in existential dread, but with way less anxiety."

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Example sentence: "To avoid the existential dread of watching your mortgage slip away, remember to stick to the amortization schedule; otherwise, you might end up paying for your grandma's retirement fund instead!"