Amortization Schedule

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

Total Payments
$2,032.53
Total Interest
$1,032.53
Number of Monthly Payments
6
Monthly Payment
$338.75
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$249.92$88.84$911.16$249.92$338.75
2$911.16$227.71$111.04$800.12$477.63$677.51
3$800.12$199.96$138.79$661.33$677.59$1,016.26
4$661.33$165.28$173.48$487.85$842.87$1,355.02
5$487.85$121.92$216.83$271.02$964.80$1,693.77
6$271.02$67.73$271.02$-0.00$1,032.53$2,032.53