Amortization Type

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Amort Type ID Amortization Category Amortization Type Name Description Has Periodic Principal Flag Actions
AM-1001 Interest Only Interest Only No scheduled principal payments during the term; principal due at maturity unless otherwise specified False
AM-1002 Amortizing Straight-Line Amortization Equal principal payments each period; interest calculated on declining balance True
AM-1003 Amortizing Mortgage-Style (Level Pay) Constant total payment each period; mix of interest and principal changes over time True
AM-1004 Bullet Bullet (Principal at Maturity) No periodic principal; full principal repayment at maturity False
AM-1005 Custom Custom / Sculpted Non-standard principal schedule; may include step-downs, balloons, or irregular payments True