Amortization Schedule

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

Total Payments
$1,990.30
Total Interest
$990.30
Number of Monthly Payments
6
Monthly Payment
$331.72
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$240.83$90.88$909.12$240.83$331.72
2$909.12$218.95$112.77$796.34$459.78$663.43
3$796.34$191.79$139.93$656.41$651.56$995.15
4$656.41$158.09$173.63$482.78$809.65$1,326.87
5$482.78$116.27$215.45$267.33$925.92$1,658.59
6$267.33$64.38$267.33$-0.00$990.30$1,990.30