Amortization Schedule

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

Total Payments
$120.95
Total Interest
$20.95
Number of Monthly Payments
18
Monthly Payment
$6.72
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$2.08$4.64$95.36$2.08$6.72
2$95.36$1.99$4.73$90.63$4.07$13.44
3$90.63$1.89$4.83$85.80$5.96$20.16
4$85.80$1.79$4.93$80.87$7.75$26.88
5$80.87$1.68$5.03$75.83$9.43$33.60
6$75.83$1.58$5.14$70.70$11.01$40.32
7$70.70$1.47$5.25$65.45$12.48$47.03
8$65.45$1.36$5.36$60.09$13.85$53.75
9$60.09$1.25$5.47$54.63$15.10$60.47
10$54.63$1.14$5.58$49.04$16.24$67.19
11$49.04$1.02$5.70$43.35$17.26$73.91
12$43.35$0.90$5.82$37.53$18.16$80.63
13$37.53$0.78$5.94$31.59$18.94$87.35
14$31.59$0.66$6.06$25.53$19.60$94.07
15$25.53$0.53$6.19$19.35$20.13$100.79
16$19.35$0.40$6.32$13.03$20.54$107.51
17$13.03$0.27$6.45$6.58$20.81$114.23
18$6.58$0.14$6.58$-0.00$20.95$120.95