Amortization Schedule

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

Total Payments
$2,126.54
Total Interest
$1,126.54
Number of Monthly Payments
9
Monthly Payment
$236.28
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$185.00$51.28$948.72$185.00$236.28
2$948.72$175.51$60.77$887.95$360.51$472.56
3$887.95$164.27$72.01$815.94$524.78$708.85
4$815.94$150.95$85.33$730.60$675.73$945.13
5$730.60$135.16$101.12$629.48$810.89$1,181.41
6$629.48$116.45$119.83$509.66$927.35$1,417.69
7$509.66$94.29$142.00$367.66$1,021.63$1,653.97
8$367.66$68.02$168.27$199.39$1,089.65$1,890.26
9$199.39$36.89$199.39$0.00$1,126.54$2,126.54