Amortization Schedule

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

Total Payments
$1,107.82
Total Interest
$107.82
Number of Monthly Payments
8
Monthly Payment
$138.48
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$23.33$115.14$884.86$23.33$138.48
2$884.86$20.65$117.83$767.02$43.98$276.96
3$767.02$17.90$120.58$646.44$61.88$415.43
4$646.44$15.08$123.39$523.05$76.96$553.91
5$523.05$12.20$126.27$396.78$89.17$692.39
6$396.78$9.26$129.22$267.56$98.42$830.87
7$267.56$6.24$132.24$135.32$104.67$969.35
8$135.32$3.16$135.32$0.00$107.82$1,107.82