Amortization Schedule

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

Total Payments
$100,000.67
Total Interest
$0.67
Number of Monthly Payments
15
Monthly Payment
$6,666.71
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100,000.00$0.08$6,666.63$93,333.37$0.08$6,666.71
2$93,333.37$0.08$6,666.63$86,666.74$0.16$13,333.42
3$86,666.74$0.07$6,666.64$80,000.10$0.23$20,000.13
4$80,000.10$0.07$6,666.64$73,333.46$0.30$26,666.84
5$73,333.46$0.06$6,666.65$66,666.81$0.36$33,333.56
6$66,666.81$0.06$6,666.66$60,000.15$0.42$40,000.27
7$60,000.15$0.05$6,666.66$53,333.49$0.47$46,666.98
8$53,333.49$0.04$6,666.67$46,666.82$0.51$53,333.69
9$46,666.82$0.04$6,666.67$40,000.15$0.55$60,000.40
10$40,000.15$0.03$6,666.68$33,333.47$0.58$66,667.11
11$33,333.47$0.03$6,666.68$26,666.79$0.61$73,333.82
12$26,666.79$0.02$6,666.69$20,000.10$0.63$80,000.53
13$20,000.10$0.02$6,666.69$13,333.41$0.65$86,667.24
14$13,333.41$0.01$6,666.70$6,666.71$0.66$93,333.96
15$6,666.71$0.01$6,666.71$-0.00$0.67$100,000.67