Amortization Schedule

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

Total Payments
$1,238.79
Total Interest
$38.79
Number of Monthly Payments
6
Monthly Payment
$206.47
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$11.00$195.47$1,004.53$11.00$206.47
2$1,004.53$9.21$197.26$807.28$20.21$412.93
3$807.28$7.40$199.07$608.21$27.61$619.40
4$608.21$5.58$200.89$407.32$33.18$825.86
5$407.32$3.73$202.73$204.59$36.92$1,032.33
6$204.59$1.88$204.59$0.00$38.79$1,238.79