Which of the following is a common feature of an Amortization Schedule?

An amortization schedule is a detailed table outlining each payment on a loan over time, primarily focusing on the breakdown of principal and interest components. A key feature of this schedule is the remaining loan balance after each payment is made. As borrowers make payments, the schedule shows how much of the original loan amount is left to pay off, providing crucial information for both the borrower and the lender about the current status of the loan.

This remaining loan balance helps borrowers understand their equity in the property over time, aiding in financial planning for payoffs or potential future refinancing. Additionally, it reflects how the loan balance decreases with each payment, illustrating the amortization process in a clear and organized manner. This characteristic is fundamental to the utility of an amortization schedule, distinguishing it from other options that do not pertain directly to the structure and purpose of such a schedule.