Amortization Schedule

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

Total Payments
$1,140.47
Total Interest
$140.47
Number of Monthly Payments
12
Monthly Payment
$95.04
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$20.83$74.21$925.79$20.83$95.04
2$925.79$19.28$75.76$850.03$40.10$190.08
3$850.03$17.70$77.34$772.69$57.81$285.12
4$772.69$16.09$78.95$693.74$73.90$380.16
5$693.74$14.45$80.59$613.15$88.34$475.20
6$613.15$12.77$82.27$530.88$101.11$570.24
7$530.88$11.06$83.98$446.89$112.17$665.28
8$446.89$9.31$85.73$361.16$121.48$760.31
9$361.16$7.52$87.52$273.64$129.00$855.35
10$273.64$5.70$89.34$184.30$134.70$950.39
11$184.30$3.84$91.20$93.10$138.53$1,045.43
12$93.10$1.94$93.10$0.00$140.47$1,140.47