Amortization Schedule

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

Total Payments
$29,900.01
Total Interest
$28,900.01
Number of Monthly Payments
12
Monthly Payment
$2,491.67
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2,491.67$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$1,000.00$2,491.67$2,491.67
2$1,000.00$2,491.66$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$1,000.00$4,983.33$4,983.33
3$1,000.00$2,491.66$0.01 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$999.99$7,474.99$7,475.00
4$999.99$2,491.64$0.03$999.96$9,966.62$9,966.67
5$999.96$2,491.55$0.11$999.84$12,458.18$12,458.34
6$999.84$2,491.27$0.39$999.45$14,949.45$14,950.00
7$999.45$2,490.29$1.37$998.07$17,439.75$17,441.67
8$998.07$2,486.87$4.80$993.27$19,926.61$19,933.34
9$993.27$2,474.90$16.76$976.51$22,401.52$22,425.01
10$976.51$2,433.14$58.53$917.98$24,834.65$24,916.67
11$917.98$2,287.29$204.37$713.60$27,121.95$27,408.34
12$713.60$1,778.06$713.60$-0.00$28,900.01$29,900.01