Amortization Schedule

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

Total Payments
$1,145.78
Total Interest
$145.78
Number of Monthly Payments
12
Monthly Payment
$95.48
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$21.58$73.90$926.10$21.58$95.48
2$926.10$19.99$75.49$850.61$41.57$190.96
3$850.61$18.36$77.12$773.49$59.93$286.44
4$773.49$16.69$78.79$694.70$76.63$381.93
5$694.70$14.99$80.49$614.21$91.62$477.41
6$614.21$13.26$82.22$531.99$104.88$572.89
7$531.99$11.48$84.00$447.99$116.36$668.37
8$447.99$9.67$85.81$362.17$126.03$763.85
9$362.17$7.82$87.66$274.51$133.84$859.33
10$274.51$5.92$89.56$184.95$139.77$954.81
11$184.95$3.99$91.49$93.46$143.76$1,050.30
12$93.46$2.02$93.46$-0.00$145.78$1,145.78