Amortization Schedule

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

Total Payments
$1,480.08
Total Interest
$480.08
Number of Monthly Payments
6
Monthly Payment
$246.68
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$125.00$121.68$878.32$125.00$246.68
2$878.32$109.79$136.89$741.43$234.79$493.36
3$741.43$92.68$154.00$587.43$327.47$740.04
4$587.43$73.43$173.25$414.18$400.90$986.72
5$414.18$51.77$194.91$219.27$452.67$1,233.40
6$219.27$27.41$219.27$-0.00$480.08$1,480.08