Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$8,017.45
Total Interest
$7,017.45
Number of Monthly Payments
12
Monthly Payment
$668.12
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$666.67$1.45$998.55$666.67$668.12
2$998.55$665.70$2.42$996.12$1,332.36$1,336.24
3$996.12$664.08$4.04$992.08$1,996.44$2,004.36
4$992.08$661.39$6.73$985.35$2,657.83$2,672.48
5$985.35$656.90$11.22$974.13$3,314.73$3,340.61
6$974.13$649.42$18.70$955.42$3,964.15$4,008.73
7$955.42$636.95$31.17$924.25$4,601.10$4,676.85
8$924.25$616.17$51.95$872.30$5,217.27$5,344.97
9$872.30$581.53$86.59$785.71$5,798.80$6,013.09
10$785.71$523.81$144.31$641.40$6,322.61$6,681.21
11$641.40$427.60$240.52$400.87$6,750.20$7,349.33
12$400.87$267.25$400.87$-0.00$7,017.45$8,017.45