Amortization Schedule

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

Total Payments
$1,015.40
Total Interest
$15.40
Number of Monthly Payments
15
Monthly Payment
$67.69
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$1.92$65.78$934.22$1.92$67.69
2$934.22$1.79$65.90$868.32$3.71$135.39
3$868.32$1.66$66.03$802.29$5.37$203.08
4$802.29$1.54$66.16$736.14$6.91$270.77
5$736.14$1.41$66.28$669.85$8.32$338.47
6$669.85$1.28$66.41$603.44$9.60$406.16
7$603.44$1.16$66.54$536.91$10.76$473.85
8$536.91$1.03$66.66$470.24$11.79$541.55
9$470.24$0.90$66.79$403.45$12.69$609.24
10$403.45$0.77$66.92$336.53$13.46$676.93
11$336.53$0.65$67.05$269.48$14.11$744.63
12$269.48$0.52$67.18$202.30$14.63$812.32
13$202.30$0.39$67.31$135.00$15.01$880.01
14$135.00$0.26$67.43$67.56$15.27$947.71
15$67.56$0.13$67.56$-0.00$15.40$1,015.40