Amortization Schedule

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

Total Payments
$1,011.28
Total Interest
$11.28
Number of Monthly Payments
8
Monthly Payment
$126.41
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$2.50$123.91$876.09$2.50$126.41
2$876.09$2.19$124.22$751.87$4.69$252.82
3$751.87$1.88$124.53$627.34$6.57$379.23
4$627.34$1.57$124.84$502.50$8.14$505.64
5$502.50$1.26$125.15$377.34$9.39$632.05
6$377.34$0.94$125.47$251.88$10.34$758.46
7$251.88$0.63$125.78$126.10$10.97$884.87
8$126.10$0.32$126.10$-0.00$11.28$1,011.28