Amortization Schedule

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

Total Payments
$1,572.46
Total Interest
$72.46
Number of Monthly Payments
12
Monthly Payment
$131.04
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,500.00$11.00$120.04$1,379.96$11.00$131.04
2$1,379.96$10.12$120.92$1,259.04$21.12$262.08
3$1,259.04$9.23$121.81$1,137.24$30.35$393.11
4$1,137.24$8.34$122.70$1,014.54$38.69$524.15
5$1,014.54$7.44$123.60$890.94$46.13$655.19
6$890.94$6.53$124.50$766.44$52.67$786.23
7$766.44$5.62$125.42$641.02$58.29$917.27
8$641.02$4.70$126.34$514.68$62.99$1,048.31
9$514.68$3.77$127.26$387.42$66.76$1,179.34
10$387.42$2.84$128.20$259.22$69.60$1,310.38
11$259.22$1.90$129.14$130.08$71.50$1,441.42
12$130.08$0.95$130.08$0.00$72.46$1,572.46