Amortization Schedule

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

Total Payments
$6,379.28
Total Interest
$5,379.28
Number of Monthly Payments
12
Monthly Payment
$531.61
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$528.33$3.27$996.73$528.33$531.61
2$996.73$526.60$5.00$991.72$1,054.94$1,063.21
3$991.72$523.96$7.65$984.08$1,578.90$1,594.82
4$984.08$519.92$11.68$972.39$2,098.82$2,126.43
5$972.39$513.75$17.86$954.54$2,612.57$2,658.03
6$954.54$504.31$27.29$927.24$3,116.88$3,189.64
7$927.24$489.89$41.71$885.53$3,606.77$3,721.25
8$885.53$467.85$63.75$821.77$4,074.63$4,252.85
9$821.77$434.17$97.44$724.34$4,508.80$4,784.46
10$724.34$382.69$148.91$575.42$4,891.49$5,316.07
11$575.42$304.02$227.59$347.83$5,195.51$5,847.67
12$347.83$183.77$347.83$-0.00$5,379.28$6,379.28