Amortization Schedule

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

Total Payments
$11.88
Total Interest
$1.88
Number of Monthly Payments
60
Monthly Payment
$0.20
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10.00$0.06$0.14$9.86$0.06$0.20
2$9.86$0.06$0.14$9.72$0.12$0.40
3$9.72$0.06$0.14$9.58$0.17$0.59
4$9.58$0.06$0.14$9.44$0.23$0.79
5$9.44$0.05$0.14$9.29$0.28$0.99
6$9.29$0.05$0.14$9.15$0.34$1.19
7$9.15$0.05$0.14$9.00$0.39$1.39
8$9.00$0.05$0.15$8.86$0.44$1.58
9$8.86$0.05$0.15$8.71$0.49$1.78
10$8.71$0.05$0.15$8.57$0.55$1.98
11$8.57$0.05$0.15$8.42$0.60$2.18
12$8.42$0.05$0.15$8.27$0.64$2.38
13$8.27$0.05$0.15$8.12$0.69$2.57
14$8.12$0.05$0.15$7.97$0.74$2.77
15$7.97$0.05$0.15$7.82$0.79$2.97
16$7.82$0.05$0.15$7.66$0.83$3.17
17$7.66$0.04$0.15$7.51$0.88$3.37
18$7.51$0.04$0.15$7.36$0.92$3.56
19$7.36$0.04$0.16$7.20$0.96$3.76
20$7.20$0.04$0.16$7.05$1.00$3.96
21$7.05$0.04$0.16$6.89$1.05$4.16
22$6.89$0.04$0.16$6.73$1.09$4.36
23$6.73$0.04$0.16$6.57$1.13$4.55
24$6.57$0.04$0.16$6.41$1.16$4.75
25$6.41$0.04$0.16$6.25$1.20$4.95
26$6.25$0.04$0.16$6.09$1.24$5.15
27$6.09$0.04$0.16$5.93$1.27$5.35
28$5.93$0.03$0.16$5.76$1.31$5.54
29$5.76$0.03$0.16$5.60$1.34$5.74
30$5.60$0.03$0.17$5.43$1.37$5.94
31$5.43$0.03$0.17$5.27$1.41$6.14
32$5.27$0.03$0.17$5.10$1.44$6.33
33$5.10$0.03$0.17$4.93$1.47$6.53
34$4.93$0.03$0.17$4.76$1.49$6.73
35$4.76$0.03$0.17$4.59$1.52$6.93
36$4.59$0.03$0.17$4.42$1.55$7.13
37$4.42$0.03$0.17$4.25$1.57$7.32
38$4.25$0.02$0.17$4.08$1.60$7.52
39$4.08$0.02$0.17$3.90$1.62$7.72
40$3.90$0.02$0.18$3.73$1.65$7.92
41$3.73$0.02$0.18$3.55$1.67$8.12
42$3.55$0.02$0.18$3.37$1.69$8.31
43$3.37$0.02$0.18$3.20$1.71$8.51
44$3.20$0.02$0.18$3.02$1.73$8.71
45$3.02$0.02$0.18$2.84$1.74$8.91
46$2.84$0.02$0.18$2.65$1.76$9.11
47$2.65$0.02$0.18$2.47$1.78$9.30
48$2.47$0.01$0.18$2.29$1.79$9.50
49$2.29$0.01$0.18$2.10$1.80$9.70
50$2.10$0.01$0.19$1.92$1.82$9.90
51$1.92$0.01$0.19$1.73$1.83$10.10
52$1.73$0.01$0.19$1.54$1.84$10.29
53$1.54$0.01$0.19$1.35$1.85$10.49
54$1.35$0.01$0.19$1.16$1.85$10.69
55$1.16$0.01$0.19$0.97$1.86$10.89
56$0.97$0.01$0.19$0.78$1.87$11.09
57$0.78$0.00$0.19$0.59$1.87$11.28
58$0.59$0.00$0.19$0.39$1.87$11.48
59$0.39$0.00$0.20$0.20$1.88$11.68
60$0.20$0.00$0.20$-0.00$1.88$11.88