Amortization Schedule

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

Total Payments
$1,116.39
Total Interest
$116.39
Number of Monthly Payments
26
Monthly Payment
$42.94
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$8.33$34.60$965.40$8.33$42.94
2$965.40$8.04$34.89$930.50$16.38$85.88
3$930.50$7.75$35.18$895.32$24.13$128.81
4$895.32$7.46$35.48$859.84$31.59$171.75
5$859.84$7.17$35.77$824.07$38.76$214.69
6$824.07$6.87$36.07$788.00$45.63$257.63
7$788.00$6.57$36.37$751.63$52.19$300.57
8$751.63$6.26$36.67$714.95$58.46$343.50
9$714.95$5.96$36.98$677.97$64.41$386.44
10$677.97$5.65$37.29$640.68$70.06$429.38
11$640.68$5.34$37.60$603.09$75.40$472.32
12$603.09$5.03$37.91$565.17$80.43$515.26
13$565.17$4.71$38.23$526.94$85.14$558.19
14$526.94$4.39$38.55$488.40$89.53$601.13
15$488.40$4.07$38.87$449.53$93.60$644.07
16$449.53$3.75$39.19$410.34$97.35$687.01
17$410.34$3.42$39.52$370.82$100.77$729.95
18$370.82$3.09$39.85$330.97$103.86$772.88
19$330.97$2.76$40.18$290.79$106.61$815.82
20$290.79$2.42$40.51$250.28$109.04$858.76
21$250.28$2.09$40.85$209.43$111.12$901.70
22$209.43$1.75$41.19$168.23$112.87$944.64
23$168.23$1.40$41.54$126.70$114.27$987.57
24$126.70$1.06$41.88$84.81$115.33$1,030.51
25$84.81$0.71$42.23$42.58$116.03$1,073.45
26$42.58$0.35$42.58$-0.00$116.39$1,116.39