Amortization Schedule

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

Total Payments
$365.20
Total Interest
$265.20
Number of Monthly Payments
12
Monthly Payment
$30.43
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100.00$29.00$1.43$98.57$29.00$30.43
2$98.57$28.58$1.85$96.72$57.58$60.87
3$96.72$28.05$2.38$94.33$85.63$91.30
4$94.33$27.36$3.08$91.26$112.99$121.73
5$91.26$26.46$3.97$87.29$139.45$152.17
6$87.29$25.31$5.12$82.17$164.77$182.60
7$82.17$23.83$6.60$75.57$188.60$213.03
8$75.57$21.91$8.52$67.05$210.51$243.46
9$67.05$19.44$10.99$56.06$229.95$273.90
10$56.06$16.26$14.18$41.88$246.21$304.33
11$41.88$12.15$18.29$23.59$258.36$334.76
12$23.59$6.84$23.59$0.00$265.20$365.20