Amortization Schedule

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

Total Payments
$2,025.15
Total Interest
$1,025.15
Number of Monthly Payments
6
Monthly Payment
$337.52
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$248.33$89.19$910.81$248.33$337.52
2$910.81$226.18$111.34$799.47$474.52$675.05
3$799.47$198.53$138.99$660.48$673.05$1,012.57
4$660.48$164.02$173.51$486.97$837.07$1,350.10
5$486.97$120.93$216.59$270.38$958.00$1,687.62
6$270.38$67.14$270.38$-0.00$1,025.15$2,025.15