Amortization Schedule

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

Total Payments
$107,773.41
Total Interest
$2,773.41
Number of Monthly Payments
6
Monthly Payment
$17,962.24
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$105,000.00$787.50$17,174.74$87,825.26$787.50$17,962.24
2$87,825.26$658.69$17,303.55$70,521.72$1,446.19$35,924.47
3$70,521.72$528.91$17,433.32$53,088.40$1,975.10$53,886.71
4$53,088.40$398.16$17,564.07$35,524.32$2,373.27$71,848.94
5$35,524.32$266.43$17,695.80$17,828.52$2,639.70$89,811.18
6$17,828.52$133.71$17,828.52$0.00$2,773.41$107,773.41