Amortization Schedule

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

Total Payments
$1,189.41
Total Interest
$189.41
Number of Monthly Payments
12
Monthly Payment
$99.12
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$27.75$71.37$928.63$27.75$99.12
2$928.63$25.77$73.35$855.28$53.52$198.24
3$855.28$23.73$75.38$779.90$77.25$297.35
4$779.90$21.64$77.48$702.43$98.90$396.47
5$702.43$19.49$79.63$622.80$118.39$495.59
6$622.80$17.28$81.83$540.97$135.67$594.71
7$540.97$15.01$84.11$456.86$150.68$693.82
8$456.86$12.68$86.44$370.42$163.36$792.94
9$370.42$10.28$88.84$281.58$173.64$892.06
10$281.58$7.81$91.30$190.28$181.45$991.18
11$190.28$5.28$93.84$96.44$186.73$1,090.29
12$96.44$2.68$96.44$-0.00$189.41$1,189.41