Though the EMIs remain largely uniform throughout the tenure of their loan, the amounts repaid are credited towards the principal and interest to be repaid. Typically the initial instalments contribute more towards the interest
amount with later instalments going towards the principal.
An amortization schedule provides the break-up of these amounts repaid towards principal and interest along with their respective balances through every year of the loan.
Simply put, an amortization schedule is the road map towards the repayment of your home loan denoting the milestones and the ideal points you should be at through the cycle.