After you’ve set up your note, you’re ready to set up the note’s amortization.
Go to amortization page
1. Click the Note tab and Note sublink.
2. Verify that the correct note is selected in the picker.
3. Click the Amortization link in the Go To bar.
Enter amortization terms
1. Start with required fields:
- Amort term
- Loan term
- First monthly payment date
- Amortization type
Set the detailed amortization terms. Enter as much or little information as you like. You can always return to this entry.
2. Click the Update button to save the amortization terms.
Check the amortization table
After you save the required amortization terms, the amortization schedule is displayed based on those terms.
This table shows the payment number, date, period length, balance, principal paid, interest paid and principal + interest for each payment.
To make changes, simply edit the amortization terms then click Update. An updated amortization table will be displayed.
