Amortization Schedule

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

Total Payments
$1,325.43
Total Interest
$125.43
Number of Monthly Payments
6
Monthly Payment
$220.91
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,200.00$35.00$185.91$1,014.09$35.00$220.91
2$1,014.09$29.58$191.33$822.77$64.58$441.81
3$822.77$24.00$196.91$625.86$88.58$662.72
4$625.86$18.25$202.65$423.21$106.83$883.62
5$423.21$12.34$208.56$214.65$119.17$1,104.53
6$214.65$6.26$214.65$-0.00$125.43$1,325.43