Amortization Schedule

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

Total Payments
$1,027.21
Total Interest
$27.21
Number of Monthly Payments
4
Monthly Payment
$256.80
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$10.83$245.98$754.02$10.83$256.80
2$754.02$8.16$248.64$505.38$18.99$513.60
3$505.38$5.47$251.33$254.05$24.46$770.41
4$254.05$2.75$254.05$0.00$27.21$1,027.21