Amortization Schedule

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

Total Payments
$1,201.29
Total Interest
$101.29
Number of Monthly Payments
8
Monthly Payment
$150.16
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$22.00$128.16$971.84$22.00$150.16
2$971.84$19.44$130.72$841.12$41.44$300.32
3$841.12$16.82$133.34$707.78$58.26$450.48
4$707.78$14.16$136.01$571.77$72.41$600.64
5$571.77$11.44$138.73$433.05$83.85$750.80
6$433.05$8.66$141.50$291.55$92.51$900.96
7$291.55$5.83$144.33$147.22$98.34$1,051.13
8$147.22$2.94$147.22$0.00$101.29$1,201.29