Amortization Schedule

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

Total Payments
$1,007.60
Total Interest
$7.60
Number of Monthly Payments
6
Monthly Payment
$167.93
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.17$165.77$834.23$2.17$167.93
2$834.23$1.81$166.13$668.11$3.97$335.87
3$668.11$1.45$166.49$501.62$5.42$503.80
4$501.62$1.09$166.85$334.78$6.51$671.73
5$334.78$0.73$167.21$167.57$7.23$839.66
6$167.57$0.36$167.57$-0.00$7.60$1,007.60