opps, the amortization table above looks alittle unclear, this will help...
Year...................................1.......... .2..... ...3............4.. ........5.............6
Beginning principal bal...300,000....297,352...294,492...291,403.....2 88,067....284,464
payment.........................26,648......26,648 ....26,648......26,648.....26,648......26,648
interest component........24,000......23,788.....23,559.... ...23312....23,045.......22,757
principal component........2,648.........2,860......3,089... .....3,336.......3,603.......3,891