Amortization Schedule

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

Total Payments
$1,154.22
Total Interest
$142.22
Number of Monthly Payments
12
Monthly Payment
$96.18
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,012.00$21.08$75.10$936.90$21.08$96.18
2$936.90$19.52$76.67$860.23$40.60$192.37
3$860.23$17.92$78.26$781.97$58.52$288.55
4$781.97$16.29$79.89$702.08$74.81$384.74
5$702.08$14.63$81.56$620.52$89.44$480.92
6$620.52$12.93$83.26$537.26$102.37$577.11
7$537.26$11.19$84.99$452.27$113.56$673.29
8$452.27$9.42$86.76$365.51$122.98$769.48
9$365.51$7.61$88.57$276.94$130.60$865.66
10$276.94$5.77$90.42$186.52$136.37$961.85
11$186.52$3.89$92.30$94.22$140.25$1,058.03
12$94.22$1.96$94.22$-0.00$142.22$1,154.22