When Loan Payments Are Amortized, The Total Amount You Owe Every Month _________________.

 When loan payments are amortized, the total amount you owe every month is typically divided into equal installments that cover both the principal amount borrowed and the accrued interest.

In the early stages of the loan term, a larger portion of each payment goes towards paying off the interest, while a smaller portion goes towards reducing the principal balance. Over time, as the principal balance decreases, the portion of each payment allocated to interest decreases, and the portion allocated to principal increases.

As a result, the total amount you owe every month remains consistent throughout the loan term, but the composition of each payment changes, with more going towards reducing the principal balance as the loan progresses. This process continues until the loan is fully paid off.

also visit: https://shiredrivewaysandlandscapes.co.uk