Amortization Schedule

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

Total Payments
$1,317.67
Total Interest
$17.67
Number of Monthly Payments
12
Monthly Payment
$109.81
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,300.00$2.71$107.10$1,192.90$2.71$109.81
2$1,192.90$2.49$107.32$1,085.58$5.19$219.61
3$1,085.58$2.26$107.54$978.04$7.46$329.42
4$978.04$2.04$107.77$870.27$9.49$439.22
5$870.27$1.81$107.99$762.28$11.31$549.03
6$762.28$1.59$108.22$654.06$12.89$658.84
7$654.06$1.36$108.44$545.61$14.26$768.64
8$545.61$1.14$108.67$436.95$15.39$878.45
9$436.95$0.91$108.90$328.05$16.30$988.25
10$328.05$0.68$109.12$218.93$16.99$1,098.06
11$218.93$0.46$109.35$109.58$17.44$1,207.87
12$109.58$0.23$109.58$0.00$17.67$1,317.67