This page provides a detailed breakdown of your debt repayment schedule, helping you understand how your loan balance, interest payments, and principal are affected over time. The schedule is divided into Monthly or Annual views to give you flexibility in reviewing your debt obligations.
Key Sections:
Average Annualized Interest Rate: The interest rate applied to your loan is displayed at the top. This is used to calculate monthly and cumulative interest payments throughout the schedule.
Month & Date: The schedule lists each payment month with the corresponding date, giving you a clear timeline for when payments are due.
Monthly Payment: This column shows the total payment you’ll make each month, including both interest and principal (if applicable).
Interest Payment: The amount of each payment that goes toward paying off interest, based on the current loan balance and interest rate. This figure will decrease over time as the principal is reduced.
Principal Pay Down: This shows the portion of the payment that reduces the loan’s principal balance. In the beginning, if you have an interest-only period, this amount will be $0, but it will increase once you begin paying off the principal.
Ending Principal: The remaining principal balance on the loan after each monthly payment. This decreases as more principal is paid down over time.
Cumulative Interest: This column displays the running total of all interest payments made to date, giving you a sense of how much interest is accruing over the life of the loan.
Payment Breakdown:
The schedule reflects changes in your loan payments over time. If you have an interest-only period, the schedule will show no principal reduction during that phase, with only interest being paid. Once you start paying down the principal, your monthly payments will increase, and the principal balance will begin to decrease.
Download & Share:
At the top right, you have the option to download the debt schedule for your records or share it with your team or financial partners. This ensures everyone involved has access to the loan repayment details.
Review this schedule to stay on top of your debt obligations and to understand how much of your loan is being paid off with each payment. Use this information to manage cash flow and make informed financial decisions throughout the investment's lifecycle.