Amortization Schedule

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

Total Payments
$1,157.48
Total Interest
$157.48
Number of Monthly Payments
12
Monthly Payment
$96.46
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$23.25$73.21$926.79$23.25$96.46
2$926.79$21.55$74.91$851.88$44.80$192.91
3$851.88$19.81$76.65$775.23$64.60$289.37
4$775.23$18.02$78.43$696.80$82.63$385.83
5$696.80$16.20$80.26$616.54$98.83$482.29
6$616.54$14.33$82.12$534.42$113.16$578.74
7$534.42$12.43$84.03$450.39$125.59$675.20
8$450.39$10.47$85.99$364.40$136.06$771.66
9$364.40$8.47$87.98$276.42$144.53$868.11
10$276.42$6.43$90.03$186.39$150.96$964.57
11$186.39$4.33$92.12$94.27$155.29$1,061.03
12$94.27$2.19$94.27$-0.00$157.48$1,157.48