Amortization Schedule

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

Total Payments
$1,002.19
Total Interest
$2.19
Number of Monthly Payments
6
Monthly Payment
$167.03
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$0.63$166.41$833.59$0.63$167.03
2$833.59$0.52$166.51$667.08$1.15$334.06
3$667.08$0.42$166.61$500.47$1.56$501.09
4$500.47$0.31$166.72$333.75$1.88$668.13
5$333.75$0.21$166.82$166.93$2.08$835.16
6$166.93$0.10$166.93$0.00$2.19$1,002.19