Amortization Schedule

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

Total Payments
$1,158.01
Total Interest
$158.01
Number of Monthly Payments
12
Monthly Payment
$96.50
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$23.33$73.18$926.82$23.33$96.50
2$926.82$21.62$74.88$851.94$44.94$193.00
3$851.94$19.87$76.63$775.31$64.81$289.50
4$775.31$18.08$78.42$696.89$82.90$386.00
5$696.89$16.26$80.25$616.65$99.15$482.51
6$616.65$14.38$82.12$534.53$113.54$579.01
7$534.53$12.47$84.03$450.50$126.01$675.51
8$450.50$10.51$85.99$364.50$136.51$772.01
9$364.50$8.50$88.00$276.51$145.02$868.51
10$276.51$6.45$90.05$186.45$151.46$965.01
11$186.45$4.35$92.15$94.30$155.81$1,061.51
12$94.30$2.20$94.30$0.00$158.01$1,158.01