Whether it's a mortgage, home equity loan, car loan, or personal loan, you'll get a schedule of payments you're required to make. Here's where it comes from.

An amortization schedule for a business loan breaks down each payment, from the first to the last. The schedule clearly details the amount applied to the interest and principal from a single payment.

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.

Most of us count on an amortization schedule to lay out precisely how much of each payment goes toward paying down the loan. It looks like a simple table, but it can be a powerful decision-making ...