Amortization Schedule

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

Total Payments
$1,530.17
Total Interest
$30.17
Number of Monthly Payments
15
Monthly Payment
$102.01
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,500.00$3.75$98.26$1,401.74$3.75$102.01
2$1,401.74$3.50$98.51$1,303.23$7.25$204.02
3$1,303.23$3.26$98.75$1,204.48$10.51$306.03
4$1,204.48$3.01$99.00$1,105.48$13.52$408.05
5$1,105.48$2.76$99.25$1,006.23$16.29$510.06
6$1,006.23$2.52$99.50$906.73$18.80$612.07
7$906.73$2.27$99.74$806.99$21.07$714.08
8$806.99$2.02$99.99$706.99$23.09$816.09
9$706.99$1.77$100.24$606.75$24.85$918.10
10$606.75$1.52$100.49$506.26$26.37$1,020.12
11$506.26$1.27$100.75$405.51$27.64$1,122.13
12$405.51$1.01$101.00$304.51$28.65$1,224.14
13$304.51$0.76$101.25$203.26$29.41$1,326.15
14$203.26$0.51$101.50$101.76$29.92$1,428.16
15$101.76$0.25$101.76$-0.00$30.17$1,530.17