Amortization Schedule

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

Total Payments
$1,197.90
Total Interest
$197.90
Number of Monthly Payments
6
Monthly Payment
$199.65
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$54.17$145.48$854.52$54.17$199.65
2$854.52$46.29$153.36$701.15$100.45$399.30
3$701.15$37.98$161.67$539.48$138.43$598.95
4$539.48$29.22$170.43$369.05$167.65$798.60
5$369.05$19.99$179.66$189.39$187.64$998.25
6$189.39$10.26$189.39$0.00$197.90$1,197.90