Which of the following best describes an amortization schedule?

An amortization schedule is primarily a table that details the monthly payments of a loan over its term, showing how each payment is allocated between principal and interest. It provides borrowers with a clear view of their loan repayment structure, allowing them to see how much of their payment goes towards reducing the principal balance versus what goes towards interest costs over time. This is crucial for understanding how loans work, managing budgets, and tracking progress in paying down a mortgage.

The other choices refer to different financial concepts. For instance, a summary of all fees associated with a loan relates to the closing costs and other charges borrowers might encounter, but it does not provide the details on payment allocations like an amortization schedule does. Similarly, estimating a property's future value over time involves market assessments and projections, which is not part of the payment breakdown that an amortization schedule provides. The list of refinancing options pertains to potential strategies a borrower may consider in the future, but again, it is not relevant to the specific breakdown of loan payments. Thus, the first option accurately captures the essence of what an amortization schedule is designed to convey.