Amortization Schedule

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

Total Payments
$1,026.41
Total Interest
$26.41
Number of Monthly Payments
6
Monthly Payment
$171.07
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$7.50$163.57$836.43$7.50$171.07
2$836.43$6.27$164.80$671.64$13.77$342.14
3$671.64$5.04$166.03$505.60$18.81$513.21
4$505.60$3.79$167.28$338.33$22.60$684.28
5$338.33$2.54$168.53$169.80$25.14$855.34
6$169.80$1.27$169.80$0.00$26.41$1,026.41