You can also use a biweekly loan amortization template to figure out how your payments and schedule differs by making half-payments every two weeks instead of 12 whole payments in a year.

Mortgage amortization shows how your loan's principal and interest change over time, giving you valuable insights into how your equity is built and how your mortgage is repaid.

Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.

How does loan amortization? Student loans are generally considered installment loans, similar to mortgages or auto loans, with a fixed interest rate and scheduled payments.