A mortgage is a loan from a lender to buy a piece of real property (house, land, etc.).
The interest on the mortgage is the percentage of money the borrower agrees to pay the lender each year, in return for lending the money.
To make the loan affordable, the interest is spread out over time (amortization).
Amortization = the amount of money that goes toward principal (the amount of the loan) & interest. It changes over time because interest owed is spread over time.
Perhaps your monthly payment could be MORE than just principal and interest (PITI Payment).
PITI = Principal -- the loan balance Interest -- interest owed on that balance.
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