Amortization Schedule

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

Total Payments
$1,201.65
Total Interest
$201.65
Number of Monthly Payments
12
Monthly Payment
$100.14
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$29.46$70.68$929.32$29.46$100.14
2$929.32$27.38$72.76$856.56$56.83$200.28
3$856.56$25.23$74.90$781.65$82.07$300.41
4$781.65$23.03$77.11$704.54$105.09$400.55
5$704.54$20.75$79.38$625.16$125.85$500.69
6$625.16$18.42$81.72$543.44$144.26$600.83
7$543.44$16.01$84.13$459.31$160.27$700.96
8$459.31$13.53$86.61$372.70$173.80$801.10
9$372.70$10.98$89.16$283.55$184.78$901.24
10$283.55$8.35$91.78$191.76$193.14$1,001.38
11$191.76$5.65$94.49$97.27$198.78$1,101.51
12$97.27$2.87$97.27$0.00$201.65$1,201.65