Amortization Schedule

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

Total Payments
$1,057.07
Total Interest
$57.07
Number of Monthly Payments
8
Monthly Payment
$132.13
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$12.50$119.63$880.37$12.50$132.13
2$880.37$11.00$121.13$759.24$23.50$264.27
3$759.24$9.49$122.64$636.60$33.00$396.40
4$636.60$7.96$124.18$512.42$40.95$528.53
5$512.42$6.41$125.73$386.69$47.36$660.67
6$386.69$4.83$127.30$259.39$52.19$792.80
7$259.39$3.24$128.89$130.50$55.43$924.93
8$130.50$1.63$130.50$-0.00$57.07$1,057.07