Amortization Schedule

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

Total Payments
$4,904.11
Total Interest
$3,904.11
Number of Monthly Payments
13
Monthly Payment
$377.24
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$371.00$6.24$993.76$371.00$377.24
2$993.76$368.69$8.55$985.21$739.69$754.48
3$985.21$365.51$11.73$973.48$1,105.20$1,131.72
4$973.48$361.16$16.08$957.40$1,466.36$1,508.96
5$957.40$355.20$22.04$935.36$1,821.55$1,886.20
6$935.36$347.02$30.22$905.14$2,168.57$2,263.44
7$905.14$335.81$41.43$863.70$2,504.38$2,640.67
8$863.70$320.43$56.81$806.90$2,824.81$3,017.91
9$806.90$299.36$77.88$729.02$3,124.17$3,395.15
10$729.02$270.46$106.77$622.24$3,394.63$3,772.39
11$622.24$230.85$146.39$475.85$3,625.49$4,149.63
12$475.85$176.54$200.70$275.16$3,802.03$4,526.87
13$275.16$102.08$275.16$-0.00$3,904.11$4,904.11