Amortization Schedule

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

Total Payments
$1,109.25
Total Interest
$109.25
Number of Monthly Payments
15
Monthly Payment
$73.95
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$13.25$60.70$939.30$13.25$73.95
2$939.30$12.45$61.50$877.80$25.70$147.90
3$877.80$11.63$62.32$815.48$37.33$221.85
4$815.48$10.81$63.15$752.33$48.13$295.80
5$752.33$9.97$63.98$688.35$58.10$369.75
6$688.35$9.12$64.83$623.52$67.22$443.70
7$623.52$8.26$65.69$557.83$75.48$517.65
8$557.83$7.39$66.56$491.27$82.87$591.60
9$491.27$6.51$67.44$423.83$89.38$665.55
10$423.83$5.62$68.33$355.50$95.00$739.50
11$355.50$4.71$69.24$286.26$99.71$813.45
12$286.26$3.79$70.16$216.10$103.50$887.40
13$216.10$2.86$71.09$145.01$106.37$961.35
14$145.01$1.92$72.03$72.98$108.29$1,035.30
15$72.98$0.97$72.98$-0.00$109.25$1,109.25