Amortization Schedule

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

Total Payments
$1,080.18
Total Interest
$80.18
Number of Monthly Payments
6
Monthly Payment
$180.03
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$22.49$157.54$842.46$22.49$180.03
2$842.46$18.95$161.08$681.38$41.44$360.06
3$681.38$15.33$164.70$516.68$56.77$540.09
4$516.68$11.62$168.41$348.27$68.39$720.12
5$348.27$7.83$172.20$176.07$76.22$900.15
6$176.07$3.96$176.07$-0.00$80.18$1,080.18