Amortization Schedule

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

Total Payments
$105,302.70
Total Interest
$1,302.70
Number of Monthly Payments
3
Monthly Payment
$35,100.90
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$104,000.00$650.00$34,450.90$69,549.10$650.00$35,100.90
2$69,549.10$434.68$34,666.22$34,882.88$1,084.68$70,201.80
3$34,882.88$218.02$34,882.88$0.00$1,302.70$105,302.70