Amortization Schedule

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

Total Payments
$1,007,506.23
Total Interest
$7,506.23
Number of Monthly Payments
2
Monthly Payment
$503,753.12
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000,000.00$5,000.00$498,753.12$501,246.88$5,000.00$503,753.12
2$501,246.88$2,506.23$501,246.88$-0.00$7,506.23$1,007,506.23