Amortization Schedule

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

Total Payments
$1,019.34
Total Interest
$19.34
Number of Monthly Payments
6
Monthly Payment
$169.89
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$5.50$164.39$835.61$5.50$169.89
2$835.61$4.60$165.29$670.32$10.10$339.78
3$670.32$3.69$166.20$504.11$13.78$509.67
4$504.11$2.77$167.12$337.00$16.56$679.56
5$337.00$1.85$168.04$168.96$18.41$849.45
6$168.96$0.93$168.96$0.00$19.34$1,019.34