Amortization Schedule

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

Total Payments
$1,150.16
Total Interest
$150.16
Number of Monthly Payments
12
Monthly Payment
$95.85
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$22.21$73.64$926.36$22.21$95.85
2$926.36$20.57$75.27$851.09$42.78$191.69
3$851.09$18.90$76.95$774.14$61.68$287.54
4$774.14$17.19$78.65$695.49$78.87$383.39
5$695.49$15.45$80.40$615.09$94.32$479.23
6$615.09$13.66$82.19$532.90$107.98$575.08
7$532.90$11.83$84.01$448.89$119.82$670.93
8$448.89$9.97$85.88$363.01$129.78$766.77
9$363.01$8.06$87.78$275.23$137.85$862.62
10$275.23$6.11$89.73$185.49$143.96$958.47
11$185.49$4.12$91.73$93.76$148.08$1,054.31
12$93.76$2.08$93.76$0.00$150.16$1,150.16