Amortization Schedule

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

Total Payments
$3,294.11
Total Interest
$794.11
Number of Monthly Payments
6
Monthly Payment
$549.02
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$2,500.00$212.50$336.52$2,163.48$212.50$549.02
2$2,163.48$183.90$365.12$1,798.36$396.40$1,098.04
3$1,798.36$152.86$396.16$1,402.20$549.26$1,647.05
4$1,402.20$119.19$429.83$972.37$668.44$2,196.07
5$972.37$82.65$466.37$506.01$751.10$2,745.09
6$506.01$43.01$506.01$-0.00$794.11$3,294.11