Amortization Schedule

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

Total Payments
$1,418.27
Total Interest
$418.27
Number of Monthly Payments
12
Monthly Payment
$118.19
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$58.33$59.86$940.14$58.33$118.19
2$940.14$54.84$63.35$876.80$113.18$236.38
3$876.80$51.15$67.04$809.75$164.32$354.57
4$809.75$47.24$70.95$738.80$211.56$472.76
5$738.80$43.10$75.09$663.71$254.65$590.95
6$663.71$38.72$79.47$584.23$293.37$709.14
7$584.23$34.08$84.11$500.12$327.45$827.33
8$500.12$29.17$89.02$411.11$356.62$945.52
9$411.11$23.98$94.21$316.90$380.61$1,063.71
10$316.90$18.49$99.70$217.20$399.09$1,181.90
11$217.20$12.67$105.52$111.68$411.76$1,300.09
12$111.68$6.51$111.68$0.00$418.27$1,418.27