Amortization Schedule

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

Total Payments
$10,455.12
Total Interest
$30.12
Number of Monthly Payments
6
Monthly Payment
$1,742.52
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,425.00$8.60$1,733.92$8,691.08$8.60$1,742.52
2$8,691.08$7.17$1,735.35$6,955.73$15.77$3,485.04
3$6,955.73$5.74$1,736.78$5,218.95$21.51$5,227.56
4$5,218.95$4.31$1,738.21$3,480.73$25.81$6,970.08
5$3,480.73$2.87$1,739.65$1,741.08$28.69$8,712.60
6$1,741.08$1.44$1,741.08$0.00$30.12$10,455.12