Amortization Schedule

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

Total Payments
$1,116.57
Total Interest
$16.57
Number of Monthly Payments
11
Monthly Payment
$101.51
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$2.75$98.76$1,001.24$2.75$101.51
2$1,001.24$2.50$99.00$902.24$5.25$203.01
3$902.24$2.26$99.25$802.99$7.51$304.52
4$802.99$2.01$99.50$703.49$9.52$406.02
5$703.49$1.76$99.75$603.74$11.27$507.53
6$603.74$1.51$100.00$503.75$12.78$609.04
7$503.75$1.26$100.25$403.50$14.04$710.54
8$403.50$1.01$100.50$303.00$15.05$812.05
9$303.00$0.76$100.75$202.25$15.81$913.56
10$202.25$0.51$101.00$101.25$16.32$1,015.06
11$101.25$0.25$101.25$-0.00$16.57$1,116.57