Amortization Schedule

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

Total Payments
$8,644.51
Total Interest
$6,144.51
Number of Monthly Payments
6
Monthly Payment
$1,440.75
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$2,500.00$1,329.17$111.58$2,388.42$1,329.17$1,440.75
2$2,388.42$1,269.84$170.91$2,217.51$2,599.01$2,881.50
3$2,217.51$1,178.97$261.78$1,955.73$3,777.98$4,322.25
4$1,955.73$1,039.80$400.96$1,554.77$4,817.78$5,763.00
5$1,554.77$826.62$614.13$940.64$5,644.40$7,203.76
6$940.64$500.11$940.64$0.00$6,144.51$8,644.51