Amortization Schedule

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

Total Payments
$1,221.62
Total Interest
$21.62
Number of Monthly Payments
6
Monthly Payment
$203.60
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$6.15$197.45$1,002.55$6.15$203.60
2$1,002.55$5.14$198.46$804.08$11.29$407.21
3$804.08$4.12$199.48$604.60$15.41$610.81
4$604.60$3.10$200.50$404.10$18.51$814.41
5$404.10$2.07$201.53$202.56$20.58$1,018.01
6$202.56$1.04$202.56$0.00$21.62$1,221.62