Amortization Schedule

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

Total Payments
$1,425.15
Total Interest
$225.15
Number of Monthly Payments
12
Monthly Payment
$118.76
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$33.00$85.76$1,114.24$33.00$118.76
2$1,114.24$30.64$88.12$1,026.12$63.64$237.52
3$1,026.12$28.22$90.54$935.57$91.86$356.29
4$935.57$25.73$93.03$842.54$117.59$475.05
5$842.54$23.17$95.59$746.95$140.76$593.81
6$746.95$20.54$98.22$648.72$161.30$712.57
7$648.72$17.84$100.92$547.80$179.14$831.34
8$547.80$15.06$103.70$444.10$194.20$950.10
9$444.10$12.21$106.55$337.55$206.42$1,068.86
10$337.55$9.28$109.48$228.07$215.70$1,187.62
11$228.07$6.27$112.49$115.58$221.97$1,306.39
12$115.58$3.18$115.58$0.00$225.15$1,425.15