Amortization Schedule

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

Total Payments
$1,053.15
Total Interest
$53.15
Number of Monthly Payments
6
Monthly Payment
$175.53
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$15.00$160.53$839.47$15.00$175.53
2$839.47$12.59$162.93$676.54$27.59$351.05
3$676.54$10.15$165.38$511.16$37.74$526.58
4$511.16$7.67$167.86$343.31$45.41$702.10
5$343.31$5.15$170.38$172.93$50.56$877.63
6$172.93$2.59$172.93$-0.00$53.15$1,053.15