Amortization Schedule

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

Total Payments
$1,011.04
Total Interest
$11.04
Number of Monthly Payments
21
Monthly Payment
$48.14
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$1.00$47.14$952.86$1.00$48.14
2$952.86$0.95$47.19$905.66$1.95$96.29
3$905.66$0.91$47.24$858.42$2.86$144.43
4$858.42$0.86$47.29$811.14$3.72$192.58
5$811.14$0.81$47.33$763.81$4.53$240.72
6$763.81$0.76$47.38$716.42$5.29$288.87
7$716.42$0.72$47.43$669.00$6.01$337.01
8$669.00$0.67$47.48$621.52$6.68$385.16
9$621.52$0.62$47.52$574.00$7.30$433.30
10$574.00$0.57$47.57$526.43$7.87$481.45
11$526.43$0.53$47.62$478.81$8.40$529.59
12$478.81$0.48$47.67$431.14$8.88$577.74
13$431.14$0.43$47.71$383.43$9.31$625.88
14$383.43$0.38$47.76$335.67$9.69$674.02
15$335.67$0.34$47.81$287.86$10.03$722.17
16$287.86$0.29$47.86$240.00$10.32$770.31
17$240.00$0.24$47.90$192.10$10.56$818.46
18$192.10$0.19$47.95$144.15$10.75$866.60
19$144.15$0.14$48.00$96.14$10.89$914.75
20$96.14$0.10$48.05$48.10$10.99$962.89
21$48.10$0.05$48.10$-0.00$11.04$1,011.04