Amortization Schedule

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

Total Payments
$1,004.34
Total Interest
$4.34
Number of Monthly Payments
15
Monthly Payment
$66.96
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.54$66.41$933.59$0.54$66.96
2$933.59$0.51$66.45$867.14$1.05$133.91
3$867.14$0.47$66.49$800.65$1.52$200.87
4$800.65$0.43$66.52$734.13$1.95$267.82
5$734.13$0.40$66.56$667.57$2.35$334.78
6$667.57$0.36$66.59$600.97$2.71$401.74
7$600.97$0.33$66.63$534.34$3.04$468.69
8$534.34$0.29$66.67$467.68$3.32$535.65
9$467.68$0.25$66.70$400.97$3.58$602.60
10$400.97$0.22$66.74$334.24$3.80$669.56
11$334.24$0.18$66.77$267.46$3.98$736.52
12$267.46$0.14$66.81$200.65$4.12$803.47
13$200.65$0.11$66.85$133.80$4.23$870.43
14$133.80$0.07$66.88$66.92$4.30$937.38
15$66.92$0.04$66.92$-0.00$4.34$1,004.34