Amortization Schedule

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

Total Payments
$1,163.95
Total Interest
$163.95
Number of Monthly Payments
12
Monthly Payment
$97.00
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$24.17$72.83$927.17$24.17$97.00
2$927.17$22.41$74.59$852.58$46.57$193.99
3$852.58$20.60$76.39$776.19$67.18$290.99
4$776.19$18.76$78.24$697.95$85.94$387.98
5$697.95$16.87$80.13$617.82$102.80$484.98
6$617.82$14.93$82.07$535.76$117.73$581.98
7$535.76$12.95$84.05$451.71$130.68$678.97
8$451.71$10.92$86.08$365.63$141.60$775.97
9$365.63$8.84$88.16$277.47$150.43$872.96
10$277.47$6.71$90.29$187.18$157.14$969.96
11$187.18$4.52$92.47$94.71$161.66$1,066.95
12$94.71$2.29$94.71$0.00$163.95$1,163.95