Amortization Schedule

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

Total Payments
$1,010.97
Total Interest
$10.97
Number of Monthly Payments
6
Monthly Payment
$168.49
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$3.13$165.37$834.63$3.13$168.49
2$834.63$2.61$165.89$668.74$5.73$336.99
3$668.74$2.09$166.40$502.34$7.82$505.48
4$502.34$1.57$166.92$335.42$9.39$673.98
5$335.42$1.05$167.45$167.97$10.44$842.47
6$167.97$0.52$167.97$0.00$10.97$1,010.97