Amortization Schedule

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

Total Payments
$1,065.06
Total Interest
$65.06
Number of Monthly Payments
12
Monthly Payment
$88.76
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$9.83$78.92$921.08$9.83$88.76
2$921.08$9.06$79.70$841.38$18.89$177.51
3$841.38$8.27$80.48$760.90$27.16$266.27
4$760.90$7.48$81.27$679.63$34.65$355.02
5$679.63$6.68$82.07$597.55$41.33$443.78
6$597.55$5.88$82.88$514.67$47.21$532.53
7$514.67$5.06$83.69$430.98$52.27$621.29
8$430.98$4.24$84.52$346.46$56.50$710.04
9$346.46$3.41$85.35$261.11$59.91$798.80
10$261.11$2.57$86.19$174.93$62.48$887.55
11$174.93$1.72$87.04$87.89$64.20$976.31
12$87.89$0.86$87.89$0.00$65.06$1,065.06