Amortization Schedule

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

Total Payments
$315.16
Total Interest
$271.78
Number of Monthly Payments
12
Monthly Payment
$26.26
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$43.38$26.17$0.09$43.29$26.17$26.26
2$43.29$26.12$0.15$43.14$52.29$52.53
3$43.14$26.03$0.23$42.91$78.32$78.79
4$42.91$25.89$0.38$42.53$104.21$105.05
5$42.53$25.66$0.60$41.93$129.87$131.32
6$41.93$25.30$0.96$40.97$155.17$157.58
7$40.97$24.72$1.55$39.42$179.89$183.85
8$39.42$23.78$2.48$36.94$203.67$210.11
9$36.94$22.29$3.97$32.97$225.96$236.37
10$32.97$19.89$6.37$26.60$245.85$262.64
11$26.60$16.05$10.22$16.38$261.90$288.90
12$16.38$9.88$16.38$-0.00$271.78$315.16