Amortization Schedule

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

Total Payments
$1,019.78
Total Interest
$19.78
Number of Monthly Payments
6
Monthly Payment
$169.96
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$5.63$164.34$835.66$5.63$169.96
2$835.66$4.70$165.26$670.40$10.33$339.93
3$670.40$3.77$166.19$504.21$14.10$509.89
4$504.21$2.84$167.13$337.08$16.93$679.85
5$337.08$1.90$168.07$169.01$18.83$849.82
6$169.01$0.95$169.01$-0.00$19.78$1,019.78