Amortization Schedule

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

Total Payments
$120,613.24
Total Interest
$613.24
Number of Monthly Payments
6
Monthly Payment
$20,102.21
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$120,000.00$175.00$19,927.21$100,072.79$175.00$20,102.21
2$100,072.79$145.94$19,956.27$80,116.52$320.94$40,204.41
3$80,116.52$116.84$19,985.37$60,131.15$437.78$60,306.62
4$60,131.15$87.69$20,014.52$40,116.64$525.47$80,408.83
5$40,116.64$58.50$20,043.70$20,072.93$583.97$100,511.04
6$20,072.93$29.27$20,072.93$0.00$613.24$120,613.24