Complete the first month of the amortization schedule for a fixed$-$rate mortgage.

Mortgage: $$110,000$

Interest rate: $7\mathrm{.}0\%$

Term of loan: $30$ years

Click the icon to view the Real Estate Amortization Table.

Amortization Schedule

Payment Number

$1$

$1$

$($a$)$

$($a$)$ $

Total Payment

Interest Payment

Principal Payment Balance of Principal

$($b$)$ $

$($b$)$ $ $$

$($c$)$ $ $($d$)$ $