Amortization Schedule

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

Total Payments
$1,895.67
Total Interest
$95.67
Number of Monthly Payments
6
Monthly Payment
$315.95
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,800.00$27.00$288.95$1,511.05$27.00$315.95
2$1,511.05$22.67$293.28$1,217.78$49.67$631.89
3$1,217.78$18.27$297.68$920.10$67.93$947.84
4$920.10$13.80$302.14$617.95$81.73$1,263.78
5$617.95$9.27$306.68$311.28$91.00$1,579.73
6$311.28$4.67$311.28$-0.00$95.67$1,895.67