Amortization Schedule

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

Total Payments
$1,148.50
Total Interest
$148.50
Number of Monthly Payments
18
Monthly Payment
$63.81
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$15.00$48.81$951.19$15.00$63.81
2$951.19$14.27$49.54$901.66$29.27$127.61
3$901.66$13.52$50.28$851.38$42.79$191.42
4$851.38$12.77$51.04$800.34$55.56$255.22
5$800.34$12.01$51.80$748.54$67.57$319.03
6$748.54$11.23$52.58$695.96$78.80$382.83
7$695.96$10.44$53.37$642.60$89.24$446.64
8$642.60$9.64$54.17$588.43$98.87$510.45
9$588.43$8.83$54.98$533.45$107.70$574.25
10$533.45$8.00$55.80$477.65$115.70$638.06
11$477.65$7.16$56.64$421.00$122.87$701.86
12$421.00$6.32$57.49$363.51$129.18$765.67
13$363.51$5.45$58.35$305.16$134.64$829.48
14$305.16$4.58$59.23$245.93$139.21$893.28
15$245.93$3.69$60.12$185.82$142.90$957.09
16$185.82$2.79$61.02$124.80$145.69$1,020.89
17$124.80$1.87$61.93$62.86$147.56$1,084.70
18$62.86$0.94$62.86$-0.00$148.50$1,148.50