Probably the most common way of amortizing a loan is to have the borrower make a single, fixed payment every period. Almost all consumer loans (such as car loans) and mortgages work this way. For example, suppose our 6-year, 5 percent, $400,000 loan was amortized this way. How would the amortization schedule look?

Year	Beginning Balance	Total Payment	Interest Paid	Principle Paid	Ending Balance
1
2
3
4
5
6
Totals