Amortization Schedule

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

Total Payments
$1,086.74
Total Interest
$36.74
Number of Monthly Payments
6
Monthly Payment
$181.12
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,050.00$10.41$170.71$879.29$10.41$181.12
2$879.29$8.72$172.40$706.88$19.13$362.25
3$706.88$7.01$174.11$532.77$26.14$543.37
4$532.77$5.28$175.84$356.93$31.43$724.50
5$356.93$3.54$177.58$179.35$34.96$905.62
6$179.35$1.78$179.35$-0.00$36.74$1,086.74