Amortization Schedule

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

Total Payments
$4,582.55
Total Interest
$3,582.55
Number of Monthly Payments
18
Monthly Payment
$254.59
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$250.00$4.59$995.41$250.00$254.59
2$995.41$248.85$5.73$989.68$498.85$509.17
3$989.68$247.42$7.17$982.52$746.27$763.76
4$982.52$245.63$8.96$973.56$991.90$1,018.34
5$973.56$243.39$11.20$962.36$1,235.29$1,272.93
6$962.36$240.59$14.00$948.36$1,475.88$1,527.52
7$948.36$237.09$17.50$930.87$1,712.97$1,782.10
8$930.87$232.72$21.87$909.00$1,945.69$2,036.69
9$909.00$227.25$27.34$881.66$2,172.94$2,291.28
10$881.66$220.42$34.17$847.49$2,393.36$2,545.86
11$847.49$211.87$42.71$804.78$2,605.23$2,800.45
12$804.78$201.20$53.39$751.39$2,806.43$3,055.03
13$751.39$187.85$66.74$684.65$2,994.27$3,309.62
14$684.65$171.16$83.42$601.23$3,165.44$3,564.21
15$601.23$150.31$104.28$496.95$3,315.75$3,818.79
16$496.95$124.24$130.35$366.60$3,439.98$4,073.38
17$366.60$91.65$162.94$203.67$3,531.63$4,327.97
18$203.67$50.92$203.67$-0.00$3,582.55$4,582.55