Amortization Schedule

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

Total Payments
$120,225.09
Total Interest
$225.09
Number of Monthly Payments
5
Monthly Payment
$24,045.02
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$120,000.00$75.00$23,970.02$96,029.98$75.00$24,045.02
2$96,029.98$60.02$23,985.00$72,044.98$135.02$48,090.04
3$72,044.98$45.03$23,999.99$48,044.99$180.05$72,135.06
4$48,044.99$30.03$24,014.99$24,030.00$210.07$96,180.07
5$24,030.00$15.02$24,030.00$0.00$225.09$120,225.09