The system works with either yearly or monthly payments and payment periods of 6 months, 9 months, 1 year, 2 years, 3 years, 4 years, 5 years, 6 years, 7 years, 10 years, 12 years, 15 years, 20 years, 25 years, and 30 years. . What the mortgage payments table does. This is especially important information for tax purposes if your loan is of an investment or business nature. The table : Lists each payment called for under the loan, States the interest component of each payment, States the principal component of each payment, States the prinical balance remaining after each payment.

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