Amortization Schedule

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

Total Payments
$1,385.91
Total Interest
$385.91
Number of Monthly Payments
12
Monthly Payment
$115.49
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$54.17$61.33$938.67$54.17$115.49
2$938.67$50.84$64.65$874.03$105.01$230.98
3$874.03$47.34$68.15$805.88$152.35$346.48
4$805.88$43.65$71.84$734.04$196.01$461.97
5$734.04$39.76$75.73$658.31$235.77$577.46
6$658.31$35.66$79.83$578.47$271.43$692.95
7$578.47$31.33$84.16$494.31$302.76$808.45
8$494.31$26.78$88.72$405.60$329.53$923.94
9$405.60$21.97$93.52$312.07$351.50$1,039.43
10$312.07$16.90$98.59$213.49$368.41$1,154.92
11$213.49$11.56$103.93$109.56$379.97$1,270.41
12$109.56$5.93$109.56$0.00$385.91$1,385.91