Amortization Schedule

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

Total Payments
$1,951.83
Total Interest
$951.83
Number of Monthly Payments
6
Monthly Payment
$325.30
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$232.50$92.80$907.20$232.50$325.30
2$907.20$210.92$114.38$792.81$443.42$650.61
3$792.81$184.33$140.98$651.84$627.75$975.91
4$651.84$151.55$173.75$478.09$779.30$1,301.22
5$478.09$111.16$214.15$263.94$890.46$1,626.52
6$263.94$61.37$263.94$-0.00$951.83$1,951.83