Amortization Schedule

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

Total Payments
$2,552.99
Total Interest
$1,552.99
Number of Monthly Payments
12
Monthly Payment
$212.75
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$185.00$27.75$972.25$185.00$212.75
2$972.25$179.87$32.88$939.37$364.87$425.50
3$939.37$173.78$38.97$900.40$538.65$638.25
4$900.40$166.57$46.17$854.23$705.22$851.00
5$854.23$158.03$54.72$799.51$863.26$1,063.74
6$799.51$147.91$64.84$734.67$1,011.17$1,276.49
7$734.67$135.91$76.83$657.84$1,147.08$1,489.24
8$657.84$121.70$91.05$566.79$1,268.78$1,701.99
9$566.79$104.86$107.89$458.89$1,373.64$1,914.74
10$458.89$84.90$127.85$331.04$1,458.53$2,127.49
11$331.04$61.24$151.51$179.54$1,519.77$2,340.24
12$179.54$33.21$179.54$0.00$1,552.99$2,552.99