Amortization Schedule

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

Total Payments
$1,116.21
Total Interest
$116.21
Number of Monthly Payments
12
Monthly Payment
$93.02
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$17.33$75.68$924.32$17.33$93.02
2$924.32$16.02$77.00$847.32$33.35$186.04
3$847.32$14.69$78.33$768.99$48.04$279.05
4$768.99$13.33$79.69$689.30$61.37$372.07
5$689.30$11.95$81.07$608.23$73.32$465.09
6$608.23$10.54$82.48$525.75$83.86$558.11
7$525.75$9.11$83.90$441.85$92.97$651.12
8$441.85$7.66$85.36$356.49$100.63$744.14
9$356.49$6.18$86.84$269.65$106.81$837.16
10$269.65$4.67$88.34$181.31$111.49$930.18
11$181.31$3.14$89.88$91.43$114.63$1,023.20
12$91.43$1.58$91.43$0.00$116.21$1,116.21