Amortization Schedule

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

Total Payments
$1,128.86
Total Interest
$128.86
Number of Monthly Payments
12
Monthly Payment
$94.07
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$19.16$74.91$925.09$19.16$94.07
2$925.09$17.72$76.35$848.74$36.88$188.14
3$848.74$16.26$77.81$770.93$53.14$282.21
4$770.93$14.77$79.30$691.63$67.91$376.29
5$691.63$13.25$80.82$610.80$81.16$470.36
6$610.80$11.70$82.37$528.43$92.86$564.43
7$528.43$10.12$83.95$444.49$102.99$658.50
8$444.49$8.52$85.56$358.93$111.50$752.57
9$358.93$6.88$87.19$271.74$118.38$846.64
10$271.74$5.21$88.87$182.87$123.59$940.71
11$182.87$3.50$90.57$92.30$127.09$1,034.79
12$92.30$1.77$92.30$0.00$128.86$1,128.86