Amortization Schedule

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

Total Payments
$1,158.07
Total Interest
$158.07
Number of Monthly Payments
12
Monthly Payment
$96.51
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$23.33$73.17$926.83$23.33$96.51
2$926.83$21.63$74.88$851.95$44.96$193.01
3$851.95$19.88$76.63$775.32$64.84$289.52
4$775.32$18.09$78.42$696.90$82.93$386.02
5$696.90$16.26$80.24$616.66$99.19$482.53
6$616.66$14.39$82.12$534.54$113.58$579.04
7$534.54$12.47$84.03$450.51$126.05$675.54
8$450.51$10.51$85.99$364.52$136.56$772.05
9$364.52$8.51$88.00$276.51$145.07$868.55
10$276.51$6.45$90.05$186.46$151.52$965.06
11$186.46$4.35$92.16$94.31$155.87$1,061.57
12$94.31$2.20$94.31$0.00$158.07$1,158.07