Amortization Schedule

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

Total Payments
$105,315.13
Total Interest
$5,315.13
Number of Monthly Payments
6
Monthly Payment
$17,552.52
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100,000.00$1,500.00$16,052.52$83,947.48$1,500.00$17,552.52
2$83,947.48$1,259.21$16,293.31$67,654.17$2,759.21$35,105.04
3$67,654.17$1,014.81$16,537.71$51,116.46$3,774.02$52,657.56
4$51,116.46$766.75$16,785.77$34,330.69$4,540.77$70,210.09
5$34,330.69$514.96$17,037.56$17,293.12$5,055.73$87,762.61
6$17,293.12$259.40$17,293.12$-0.00$5,315.13$105,315.13