Amortization Schedule

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

Total Payments
$1,199.56
Total Interest
$199.56
Number of Monthly Payments
12
Monthly Payment
$99.96
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$29.17$70.80$929.20$29.17$99.96
2$929.20$27.10$72.86$856.34$56.27$199.93
3$856.34$24.98$74.99$781.36$81.25$299.89
4$781.36$22.79$77.17$704.18$104.03$399.85
5$704.18$20.54$79.42$624.76$124.57$499.81
6$624.76$18.22$81.74$543.02$142.80$599.78
7$543.02$15.84$84.12$458.89$158.63$699.74
8$458.89$13.38$86.58$372.31$172.02$799.70
9$372.31$10.86$89.10$283.21$182.88$899.67
10$283.21$8.26$91.70$191.51$191.14$999.63
11$191.51$5.59$94.38$97.13$196.72$1,099.59
12$97.13$2.83$97.13$-0.00$199.56$1,199.56