Amortization Schedule

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

Total Payments
$120,876.52
Total Interest
$876.52
Number of Monthly Payments
6
Monthly Payment
$20,146.09
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$120,000.00$250.00$19,896.09$100,103.91$250.00$20,146.09
2$100,103.91$208.55$19,937.54$80,166.38$458.55$40,292.17
3$80,166.38$167.01$19,979.07$60,187.30$625.56$60,438.26
4$60,187.30$125.39$20,020.70$40,166.61$750.95$80,584.35
5$40,166.61$83.68$20,062.41$20,104.20$834.63$100,730.43
6$20,104.20$41.88$20,104.20$0.00$876.52$120,876.52