Amortization Schedule

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

Total Payments
$1,314.46
Total Interest
$114.46
Number of Monthly Payments
6
Monthly Payment
$219.08
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$32.00$187.08$1,012.92$32.00$219.08
2$1,012.92$27.01$192.06$820.86$59.01$438.15
3$820.86$21.89$197.19$623.67$80.90$657.23
4$623.67$16.63$202.44$421.23$97.53$876.30
5$421.23$11.23$207.84$213.39$108.76$1,095.38
6$213.39$5.69$213.39$-0.00$114.46$1,314.46