Amortization Schedule

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

Total Payments
$50,000.00
Total Interest
$49,000.00
Number of Monthly Payments
12
Monthly Payment
$4,166.67
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$4,166.67$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$1,000.00$4,166.67$4,166.67
2$1,000.00$4,166.67$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$1,000.00$8,333.33$8,333.33
3$1,000.00$4,166.67$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$1,000.00$12,500.00$12,500.00
4$1,000.00$4,166.67$0.00 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$1,000.00$16,666.66$16,666.67
5$1,000.00$4,166.66$0.01 WARNING PRINCIPAL PAYMENT IS LESS THAN $0.01 - THE LOAN BALANCE WAS NOT REDUCED!$999.99$20,833.32$20,833.33
6$999.99$4,166.62$0.04$999.95$24,999.95$25,000.00
7$999.95$4,166.45$0.22$999.73$29,166.40$29,166.67
8$999.73$4,165.53$1.13$998.60$33,331.93$33,333.33
9$998.60$4,160.82$5.85$992.75$37,492.75$37,500.00
10$992.75$4,136.46$30.21$962.54$41,629.21$41,666.67
11$962.54$4,010.58$156.09$806.45$45,639.79$45,833.33
12$806.45$3,360.22$806.45$0.00$49,000.00$50,000.00