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Payment Schedule

A payment schedule indicates what your required monthly payment will be throughout the life of your loan. For fixed-rate VA, FHA and uninsured conventional loans, the payment schedule indicates what your required monthly payment will be throughout the life of your loan. The payment schedule for fixed-rate insured loans may show a gradual decrease in payment amount over time due to a declining insurance premium. For adjustable rate mortgages, the payment schedule varies by loan type and is based on conservative assumptions of future interest rates.

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