Amortization Schedule

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

Total Payments
$1,083.24
Total Interest
$83.24
Number of Monthly Payments
6
Monthly Payment
$180.54
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$23.33$157.21$842.79$23.33$180.54
2$842.79$19.67$160.87$681.92$43.00$361.08
3$681.92$15.91$164.63$517.29$58.91$541.62
4$517.29$12.07$168.47$348.82$70.98$722.16
5$348.82$8.14$172.40$176.42$79.12$902.70
6$176.42$4.12$176.42$0.00$83.24$1,083.24