Amortization Schedule

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

Total Payments
$1,007.01
Total Interest
$7.01
Number of Monthly Payments
6
Monthly Payment
$167.84
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.00$165.84$834.16$2.00$167.84
2$834.16$1.67$166.17$668.00$3.67$335.67
3$668.00$1.34$166.50$501.50$5.00$503.51
4$501.50$1.00$166.83$334.67$6.01$671.34
5$334.67$0.67$167.17$167.50$6.68$839.18
6$167.50$0.34$167.50$0.00$7.01$1,007.01