Amortization Schedule

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

Total Payments
$8,851.76
Total Interest
$7,851.76
Number of Monthly Payments
12
Monthly Payment
$737.65
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$736.67$0.98$999.02$736.67$737.65
2$999.02$735.94$1.70$997.32$1,472.61$1,475.29
3$997.32$734.69$2.96$994.36$2,207.30$2,212.94
4$994.36$732.51$5.13$989.23$2,939.82$2,950.59
5$989.23$728.73$8.91$980.31$3,668.55$3,688.23
6$980.31$722.16$15.48$964.83$4,390.71$4,425.88
7$964.83$710.76$26.89$937.94$5,101.47$5,163.53
8$937.94$690.95$46.69$891.25$5,792.42$5,901.17
9$891.25$656.55$81.09$810.16$6,448.98$6,638.82
10$810.16$596.82$140.83$669.33$7,045.79$7,376.47
11$669.33$493.07$244.58$424.75$7,538.86$8,114.11
12$424.75$312.90$424.75$-0.00$7,851.76$8,851.76