Amortization Schedule

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

Total Payments
$1,154.36
Total Interest
$54.36
Number of Monthly Payments
12
Monthly Payment
$96.20
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,100.00$8.25$87.95$1,012.05$8.25$96.20
2$1,012.05$7.59$88.61$923.45$15.84$192.39
3$923.45$6.93$89.27$834.18$22.77$288.59
4$834.18$6.26$89.94$744.24$29.02$384.79
5$744.24$5.58$90.61$653.62$34.60$480.98
6$653.62$4.90$91.29$562.33$39.51$577.18
7$562.33$4.22$91.98$470.35$43.72$673.38
8$470.35$3.53$92.67$377.68$47.25$769.57
9$377.68$2.83$93.36$284.31$50.08$865.77
10$284.31$2.13$94.06$190.25$52.22$961.97
11$190.25$1.43$94.77$95.48$53.64$1,058.16
12$95.48$0.72$95.48$0.00$54.36$1,154.36