Direct Reduction Amortization Schedule Order Form (Page 2 of 2) in pdf

Direct Reduction Amortization Schedule Order Form Page 2

Amortization Schedules

An amortization schedule is a breakdown of each payment showing the allocation to interest and principal and

the outstanding principal balance. To prepare a schedule we need to know some background information.

Frequency

The majority of loans are monthly. Let us know if otherwise.

Date of 1

Payment

If you give us the date we can print annual totals of interest and principal. If

you do not want the schedule dated, check the Do Not Date box.

* Principal Amount

This is the starting principal dollar total of the schedule. Most of the time it’s

the loan amount.

* Rate

The applied simple interest rate.

* Payment

The principal and interest payment. Do not include taxes and other escrows in

this amount.

* Term

The number of payments for this rate and payment.

If you need an Actual-Day Amortization, check the box and fill out the right side of the order sheet.

If the loan has multiple rates and/or payments, attach an addendum.

Some orders will cost more depending on the complexity. Call for a quote.

Direct Reduction Amortization Schedule Order Form Page 2