Amortization Schedule

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

Total Payments
$1,060.58
Total Interest
$60.58
Number of Monthly Payments
12
Monthly Payment
$88.38
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$9.17$79.21$920.79$9.17$88.38
2$920.79$8.44$79.94$840.84$17.61$176.76
3$840.84$7.71$80.67$760.17$25.31$265.14
4$760.17$6.97$81.41$678.76$32.28$353.53
5$678.76$6.22$82.16$596.60$38.51$441.91
6$596.60$5.47$82.91$513.68$43.97$530.29
7$513.68$4.71$83.67$430.01$48.68$618.67
8$430.01$3.94$84.44$345.57$52.62$707.05
9$345.57$3.17$85.21$260.36$55.79$795.43
10$260.36$2.39$86.00$174.36$58.18$883.82
11$174.36$1.60$86.78$87.58$59.78$972.20
12$87.58$0.80$87.58$0.00$60.58$1,060.58