Amortization Schedule

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

Total Payments
$1,146.36
Total Interest
$146.36
Number of Monthly Payments
12
Monthly Payment
$95.53
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$21.67$73.86$926.14$21.67$95.53
2$926.14$20.07$75.46$850.67$41.73$191.06
3$850.67$18.43$77.10$773.57$60.16$286.59
4$773.57$16.76$78.77$694.80$76.92$382.12
5$694.80$15.05$80.48$614.33$91.98$477.65
6$614.33$13.31$82.22$532.11$105.29$573.18
7$532.11$11.53$84.00$448.11$116.82$668.71
8$448.11$9.71$85.82$362.29$126.53$764.24
9$362.29$7.85$87.68$274.61$134.38$859.77
10$274.61$5.95$89.58$185.03$140.33$955.30
11$185.03$4.01$91.52$93.50$144.34$1,050.83
12$93.50$2.03$93.50$0.00$146.36$1,146.36