Amortization Schedule

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

Total Payments
$2,845.92
Total Interest
$345.92
Number of Monthly Payments
6
Monthly Payment
$474.32
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$2,500.00$95.83$378.49$2,121.51$95.83$474.32
2$2,121.51$81.32$393.00$1,728.52$177.16$948.64
3$1,728.52$66.26$408.06$1,320.46$243.42$1,422.96
4$1,320.46$50.62$423.70$896.75$294.04$1,897.28
5$896.75$34.38$439.94$456.81$328.41$2,371.60
6$456.81$17.51$456.81$0.00$345.92$2,845.92