Amortization Schedule

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

Total Payments
$129.76
Total Interest
$5.76
Number of Monthly Payments
21
Monthly Payment
$6.18
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$124.00$0.52$5.66$118.34$0.52$6.18
2$118.34$0.49$5.69$112.65$1.01$12.36
3$112.65$0.47$5.71$106.94$1.48$18.54
4$106.94$0.45$5.73$101.21$1.92$24.72
5$101.21$0.42$5.76$95.45$2.35$30.90
6$95.45$0.40$5.78$89.67$2.74$37.07
7$89.67$0.37$5.81$83.86$3.12$43.25
8$83.86$0.35$5.83$78.03$3.47$49.43
9$78.03$0.33$5.85$72.18$3.79$55.61
10$72.18$0.30$5.88$66.30$4.09$61.79
11$66.30$0.28$5.90$60.40$4.37$67.97
12$60.40$0.25$5.93$54.47$4.62$74.15
13$54.47$0.23$5.95$48.52$4.85$80.33
14$48.52$0.20$5.98$42.54$5.05$86.51
15$42.54$0.18$6.00$36.54$5.23$92.69
16$36.54$0.15$6.03$30.51$5.38$98.87
17$30.51$0.13$6.05$24.46$5.51$105.05
18$24.46$0.10$6.08$18.38$5.61$111.22
19$18.38$0.08$6.10$12.28$5.69$117.40
20$12.28$0.05$6.13$6.15$5.74$123.58
21$6.15$0.03$6.15$-0.00$5.76$129.76