Amortization Schedule

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

Total Payments
$1,152.15
Total Interest
$152.15
Number of Monthly Payments
12
Monthly Payment
$96.01
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$22.49$73.52$926.48$22.49$96.01
2$926.48$20.84$75.17$851.30$43.33$192.03
3$851.30$19.15$76.87$774.44$62.48$288.04
4$774.44$17.42$78.59$695.85$79.90$384.05
5$695.85$15.65$80.36$615.48$95.55$480.06
6$615.48$13.84$82.17$533.31$109.39$576.08
7$533.31$12.00$84.02$449.30$121.38$672.09
8$449.30$10.11$85.91$363.39$131.49$768.10
9$363.39$8.17$87.84$275.55$139.66$864.11
10$275.55$6.20$89.81$185.74$145.86$960.13
11$185.74$4.18$91.84$93.90$150.04$1,056.14
12$93.90$2.11$93.90$-0.00$152.15$1,152.15