Amortization Schedule

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

Total Payments
$71.05
Total Interest
$3.67
Number of Monthly Payments
12
Monthly Payment
$5.92
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$67.38$0.56$5.36$62.02$0.56$5.92
2$62.02$0.51$5.41$56.61$1.07$11.84
3$56.61$0.47$5.45$51.15$1.53$17.76
4$51.15$0.42$5.50$45.65$1.96$23.68
5$45.65$0.38$5.54$40.11$2.33$29.60
6$40.11$0.33$5.59$34.52$2.66$35.52
7$34.52$0.28$5.64$28.88$2.95$41.44
8$28.88$0.24$5.68$23.20$3.19$47.37
9$23.20$0.19$5.73$17.47$3.38$53.29
10$17.47$0.14$5.78$11.70$3.52$59.21
11$11.70$0.10$5.82$5.87$3.62$65.13
12$5.87$0.05$5.87$0.00$3.67$71.05