Amortization Schedule

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

Total Payments
$3,221.37
Total Interest
$2,221.37
Number of Monthly Payments
12
Monthly Payment
$268.45
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$250.00$18.45$981.55$250.00$268.45
2$981.55$245.39$23.06$958.49$495.39$536.90
3$958.49$239.62$28.82$929.67$735.01$805.34
4$929.67$232.42$36.03$893.64$967.43$1,073.79
5$893.64$223.41$45.04$848.60$1,190.84$1,342.24
6$848.60$212.15$56.30$792.30$1,402.99$1,610.69
7$792.30$198.08$70.37$721.93$1,601.06$1,879.13
8$721.93$180.48$87.96$633.97$1,781.55$2,147.58
9$633.97$158.49$109.96$524.01$1,940.04$2,416.03
10$524.01$131.00$137.45$386.56$2,071.04$2,684.48
11$386.56$96.64$171.81$214.76$2,167.68$2,952.92
12$214.76$53.69$214.76$-0.00$2,221.37$3,221.37