Amortization Schedule

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

Total Payments
$106,978.30
Total Interest
$1,978.30
Number of Monthly Payments
8
Monthly Payment
$13,372.29
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$105,000.00$437.50$12,934.79$92,065.21$437.50$13,372.29
2$92,065.21$383.61$12,988.68$79,076.53$821.11$26,744.58
3$79,076.53$329.49$13,042.80$66,033.73$1,150.59$40,116.86
4$66,033.73$275.14$13,097.15$52,936.58$1,425.73$53,489.15
5$52,936.58$220.57$13,151.72$39,784.86$1,646.30$66,861.44
6$39,784.86$165.77$13,206.52$26,578.35$1,812.07$80,233.73
7$26,578.35$110.74$13,261.54$13,316.80$1,922.81$93,606.01
8$13,316.80$55.49$13,316.80$-0.00$1,978.30$106,978.30