Amortization Schedule

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

Total Payments
$2,205.12
Total Interest
$1,205.12
Number of Monthly Payments
7
Monthly Payment
$315.02
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$248.33$66.68$933.32$248.33$315.02
2$933.32$231.77$83.24$850.07$480.11$630.03
3$850.07$211.10$103.92$746.16$691.21$945.05
4$746.16$185.30$129.72$616.44$876.50$1,260.07
5$616.44$153.08$161.94$454.50$1,029.59$1,575.09
6$454.50$112.87$202.15$252.35$1,142.45$1,890.10
7$252.35$62.67$252.35$-0.00$1,205.12$2,205.12