Dear Dr. Don,
Why is it when I print out an amortization schedule, it shows that my loan balance is a different amount than the loan balance reflected on the transaction history of the actual payments I made to the lender?
My loan originated in June 2004. It was a $200,000, 15-year, fixed-rate mortgage at 5.25 percent. The monthly payment is $1,607.76.
The amortization schedule shows our loan balance