Amortization Schedule

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

Total Payments
$1,126.25
Total Interest
$126.25
Number of Monthly Payments
12
Monthly Payment
$93.85
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$18.78$75.07$924.93$18.78$93.85
2$924.93$17.37$76.48$848.45$36.16$187.71
3$848.45$15.94$77.92$770.53$52.09$281.56
4$770.53$14.47$79.38$691.15$66.57$375.42
5$691.15$12.98$80.87$610.28$79.55$469.27
6$610.28$11.46$82.39$527.88$91.01$563.13
7$527.88$9.92$83.94$443.95$100.93$656.98
8$443.95$8.34$85.52$358.43$109.27$750.84
9$358.43$6.73$87.12$271.31$116.00$844.69
10$271.31$5.10$88.76$182.55$121.09$938.54
11$182.55$3.43$90.43$92.12$124.52$1,032.40
12$92.12$1.73$92.12$0.00$126.25$1,126.25