Amortization Schedule

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

Total Payments
$10,442.03
Total Interest
$442.03
Number of Monthly Payments
6
Monthly Payment
$1,740.34
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$125.00$1,615.34$8,384.66$125.00$1,740.34
2$8,384.66$104.81$1,635.53$6,749.13$229.81$3,480.68
3$6,749.13$84.36$1,655.97$5,093.16$314.17$5,221.01
4$5,093.16$63.66$1,676.67$3,416.48$377.84$6,961.35
5$3,416.48$42.71$1,697.63$1,718.85$420.54$8,701.69
6$1,718.85$21.49$1,718.85$-0.00$442.03$10,442.03