Amortization Schedule

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

Total Payments
$1,054.04
Total Interest
$54.04
Number of Monthly Payments
7
Monthly Payment
$150.58
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$13.33$137.24$862.76$13.33$150.58
2$862.76$11.50$139.07$723.68$24.84$301.15
3$723.68$9.65$140.93$582.75$34.49$451.73
4$582.75$7.77$142.81$439.95$42.26$602.31
5$439.95$5.87$144.71$295.24$48.12$752.89
6$295.24$3.94$146.64$148.60$52.06$903.46
7$148.60$1.98$148.60$0.00$54.04$1,054.04