Amortization Schedule

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

Total Payments
$1,037.37
Total Interest
$37.37
Number of Monthly Payments
6
Monthly Payment
$172.89
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$10.58$162.31$837.69$10.58$172.89
2$837.69$8.87$164.03$673.66$19.45$345.79
3$673.66$7.13$165.76$507.90$26.58$518.68
4$507.90$5.38$167.52$340.38$31.95$691.58
5$340.38$3.60$169.29$171.08$35.56$864.47
6$171.08$1.81$171.08$0.00$37.37$1,037.37