Amortization Schedule

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

Total Payments
$1,123.13
Total Interest
$123.13
Number of Monthly Payments
12
Monthly Payment
$93.59
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$18.33$75.26$924.74$18.33$93.59
2$924.74$16.95$76.64$848.10$35.29$187.19
3$848.10$15.55$78.05$770.05$50.84$280.78
4$770.05$14.12$79.48$690.58$64.95$374.38
5$690.58$12.66$80.93$609.64$77.61$467.97
6$609.64$11.18$82.42$527.22$88.79$561.57
7$527.22$9.67$83.93$443.30$98.46$655.16
8$443.30$8.13$85.47$357.83$106.58$748.76
9$357.83$6.56$87.03$270.79$113.14$842.35
10$270.79$4.96$88.63$182.16$118.11$935.94
11$182.16$3.34$90.25$91.91$121.45$1,029.54
12$91.91$1.69$91.91$-0.00$123.13$1,123.13