Amortization Schedule

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

Total Payments
$1,122.56
Total Interest
$122.56
Number of Monthly Payments
12
Monthly Payment
$93.55
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$18.25$75.30$924.70$18.25$93.55
2$924.70$16.88$76.67$848.03$35.13$187.09
3$848.03$15.48$78.07$769.96$50.60$280.64
4$769.96$14.05$79.49$690.47$64.65$374.19
5$690.47$12.60$80.95$609.52$77.26$467.73
6$609.52$11.12$82.42$527.10$88.38$561.28
7$527.10$9.62$83.93$443.17$98.00$654.82
8$443.17$8.09$85.46$357.72$106.09$748.37
9$357.72$6.53$87.02$270.70$112.62$841.92
10$270.70$4.94$88.61$182.09$117.56$935.46
11$182.09$3.32$90.22$91.87$120.88$1,029.01
12$91.87$1.68$91.87$0.00$122.56$1,122.56