Amortization Schedule

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

Total Payments
$1,014.05
Total Interest
$14.05
Number of Monthly Payments
6
Monthly Payment
$169.01
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$4.00$165.01$834.99$4.00$169.01
2$834.99$3.34$165.67$669.32$7.34$338.02
3$669.32$2.68$166.33$502.99$10.02$507.02
4$502.99$2.01$167.00$336.00$12.03$676.03
5$336.00$1.34$167.66$168.33$13.37$845.04
6$168.33$0.67$168.33$0.00$14.05$1,014.05