Schedule & payoff
Loan balance
Also known as: remaining balance, outstanding balance
How much principal you still owe at a point in time.
Loan balance is the remaining principal on the mortgage after payments and credits. Amortization charts often plot balance over time as principal is paid down. Extra principal payments reduce the balance faster than the base schedule alone.
See also
Definitions are for general education. Loan products, insurance, and taxes vary by lender, location, and your situation. FinanceFlow calculators produce estimates only and are not a lender quote or professional advice.