Amortization Schedule

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

Total Payments
$10,056.95
Total Interest
$56.95
Number of Monthly Payments
6
Monthly Payment
$1,676.16
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$16.25$1,659.91$8,340.09$16.25$1,676.16
2$8,340.09$13.55$1,662.61$6,677.49$29.80$3,352.32
3$6,677.49$10.85$1,665.31$5,012.18$40.65$5,028.48
4$5,012.18$8.14$1,668.01$3,344.16$48.80$6,704.63
5$3,344.16$5.43$1,670.72$1,673.44$54.23$8,380.79
6$1,673.44$2.72$1,673.44$-0.00$56.95$10,056.95