Amortization Schedule

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

Total Payments
$110,010.17
Total Interest
$10,010.17
Number of Monthly Payments
6
Monthly Payment
$18,335.03
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$100,000.00$2,795.83$15,539.19$84,460.81$2,795.83$18,335.03
2$84,460.81$2,361.38$15,973.64$68,487.16$5,157.22$36,670.06
3$68,487.16$1,914.79$16,420.24$52,066.92$7,072.00$55,005.08
4$52,066.92$1,455.70$16,879.32$35,187.60$8,527.71$73,340.11
5$35,187.60$983.79$17,351.24$17,836.35$9,511.49$91,675.14
6$17,836.35$498.67$17,836.35$-0.00$10,010.17$110,010.17