Amortization Schedule

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

Total Payments
$1,076.88
Total Interest
$76.88
Number of Monthly Payments
12
Monthly Payment
$89.74
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$11.58$78.16$921.84$11.58$89.74
2$921.84$10.68$79.06$842.78$22.26$179.48
3$842.78$9.76$79.98$762.80$32.02$269.22
4$762.80$8.84$80.90$681.90$40.86$358.96
5$681.90$7.90$81.84$600.06$48.76$448.70
6$600.06$6.95$82.79$517.27$55.71$538.44
7$517.27$5.99$83.75$433.52$61.70$628.18
8$433.52$5.02$84.72$348.80$66.72$717.92
9$348.80$4.04$85.70$263.10$70.76$807.66
10$263.10$3.05$86.69$176.41$73.81$897.40
11$176.41$2.04$87.70$88.71$75.85$987.14
12$88.71$1.03$88.71$-0.00$76.88$1,076.88