Amortization Schedule

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

Total Payments
$1,140.53
Total Interest
$140.53
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$19.29$75.76$850.03$40.12$190.09
3$850.03$17.71$77.34$772.70$57.83$285.13
4$772.70$16.10$78.95$693.75$73.93$380.18
5$693.75$14.45$80.59$613.16$88.38$475.22
6$613.16$12.77$82.27$530.89$101.15$570.27
7$530.89$11.06$83.98$446.91$112.21$665.31
8$446.91$9.31$85.73$361.17$121.53$760.35
9$361.17$7.52$87.52$273.65$129.05$855.40
10$273.65$5.70$89.34$184.31$134.75$950.44
11$184.31$3.84$91.20$93.10$138.59$1,045.49
12$93.10$1.94$93.10$-0.00$140.53$1,140.53