Amortization Schedule

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

Total Payments
$1,155.52
Total Interest
$155.52
Number of Monthly Payments
7
Monthly Payment
$165.07
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$37.50$127.57$872.43$37.50$165.07
2$872.43$32.72$132.36$740.07$70.22$330.15
3$740.07$27.75$137.32$602.75$97.97$495.22
4$602.75$22.60$142.47$460.28$120.57$660.29
5$460.28$17.26$147.81$312.46$137.83$825.37
6$312.46$11.72$153.36$159.11$149.55$990.44
7$159.11$5.97$159.11$0.00$155.52$1,155.52