Amortization Schedule

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

Total Payments
$1,063.27
Total Interest
$63.27
Number of Monthly Payments
4
Monthly Payment
$265.82
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$25.00$240.82$759.18$25.00$265.82
2$759.18$18.98$246.84$512.34$43.98$531.64
3$512.34$12.81$253.01$259.33$56.79$797.45
4$259.33$6.48$259.33$-0.00$63.27$1,063.27