Amortization Schedule

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

Total Payments
$1,134.72
Total Interest
$134.72
Number of Monthly Payments
12
Monthly Payment
$94.56
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$20.00$74.56$925.44$20.00$94.56
2$925.44$18.51$76.05$849.39$38.51$189.12
3$849.39$16.99$77.57$771.82$55.50$283.68
4$771.82$15.44$79.12$692.69$70.93$378.24
5$692.69$13.85$80.71$611.99$84.79$472.80
6$611.99$12.24$82.32$529.67$97.03$567.36
7$529.67$10.59$83.97$445.70$107.62$661.92
8$445.70$8.91$85.65$360.06$116.53$756.48
9$360.06$7.20$87.36$272.70$123.74$851.04
10$272.70$5.45$89.11$183.59$129.19$945.60
11$183.59$3.67$90.89$92.71$132.86$1,040.16
12$92.71$1.85$92.71$0.00$134.72$1,134.72