Amortization Schedule

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

Total Payments
$2,103.28
Total Interest
$1,103.28
Number of Monthly Payments
6
Monthly Payment
$350.55
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$265.00$85.55$914.45$265.00$350.55
2$914.45$242.33$108.22$806.24$507.33$701.09
3$806.24$213.65$136.89$669.34$720.98$1,051.64
4$669.34$177.38$173.17$496.17$898.36$1,402.19
5$496.17$131.49$219.06$277.11$1,029.84$1,752.73
6$277.11$73.43$277.11$0.00$1,103.28$2,103.28