Amortization Schedule

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

Total Payments
$97.42
Total Interest
$2.42
Number of Monthly Payments
15
Monthly Payment
$6.49
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$95.00$0.30$6.19$88.81$0.30$6.49
2$88.81$0.28$6.21$82.59$0.58$12.99
3$82.59$0.26$6.23$76.36$0.84$19.48
4$76.36$0.24$6.25$70.11$1.09$25.98
5$70.11$0.22$6.27$63.83$1.31$32.47
6$63.83$0.20$6.29$57.54$1.51$38.97
7$57.54$0.18$6.31$51.23$1.69$45.46
8$51.23$0.16$6.33$44.89$1.85$51.96
9$44.89$0.14$6.35$38.54$2.00$58.45
10$38.54$0.12$6.37$32.17$2.12$64.95
11$32.17$0.10$6.39$25.78$2.22$71.44
12$25.78$0.08$6.41$19.36$2.30$77.94
13$19.36$0.06$6.43$12.93$2.36$84.43
14$12.93$0.04$6.45$6.47$2.40$90.93
15$6.47$0.02$6.47$0.00$2.42$97.42