Loan Information Loan amount? $ Loan term (years)? Interest rate? % Printer-friendly version Loan Information Loan Amount Monthly Payment Chart Table Amortization Submit Repayment of a home equity loan requires that the borrower makes a monthly payment to the lender. That monthly payment includes both repayment of the loan principal, plus monthly interest on the outstanding balance. Loan payments are amortized so that the monthly payment remains the same throughout the repayment period, but during that time, the percentage of the amount that goes towards principal will increase as the outstanding mortgage balance decreases.