Amortization Schedule

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

Total Payments
$2,146.65
Total Interest
$1,146.65
Number of Monthly Payments
6
Monthly Payment
$357.78
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$274.17$83.61$916.39$274.17$357.78
2$916.39$251.24$106.53$809.86$525.41$715.55
3$809.86$222.04$135.74$674.12$747.45$1,073.33
4$674.12$184.82$172.95$501.16$932.27$1,431.10
5$501.16$137.40$220.37$280.79$1,069.67$1,788.88
6$280.79$76.98$280.79$0.00$1,146.65$2,146.65