Amortization Schedule

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

Total Payments
$10,130.37
Total Interest
$130.37
Number of Monthly Payments
5
Monthly Payment
$2,026.07
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$43.33$1,982.74$8,017.26$43.33$2,026.07
2$8,017.26$34.74$1,991.33$6,025.92$78.07$4,052.15
3$6,025.92$26.11$1,999.96$4,025.96$104.19$6,078.22
4$4,025.96$17.45$2,008.63$2,017.33$121.63$8,104.30
5$2,017.33$8.74$2,017.33$-0.00$130.37$10,130.37