Amortization Schedule

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

Total Payments
$1,067.14
Total Interest
$17.14
Number of Monthly Payments
12
Monthly Payment
$88.93
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,050.00$2.63$86.30$963.70$2.63$88.93
2$963.70$2.41$86.52$877.18$5.03$177.86
3$877.18$2.19$86.74$790.44$7.23$266.79
4$790.44$1.98$86.95$703.49$9.20$355.71
5$703.49$1.76$87.17$616.32$10.96$444.64
6$616.32$1.54$87.39$528.93$12.50$533.57
7$528.93$1.32$87.61$441.33$13.83$622.50
8$441.33$1.10$87.83$353.50$14.93$711.43
9$353.50$0.88$88.04$265.46$15.81$800.36
10$265.46$0.66$88.26$177.19$16.48$889.28
11$177.19$0.44$88.49$88.71$16.92$978.21
12$88.71$0.22$88.71$-0.00$17.14$1,067.14