Amortization Schedule

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

Total Payments
$3,123.10
Total Interest
$123.10
Number of Monthly Payments
12
Monthly Payment
$260.26
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$3,000.00$18.73$241.53$2,758.47$18.73$260.26
2$2,758.47$17.22$243.04$2,515.43$35.94$520.52
3$2,515.43$15.70$244.56$2,270.87$51.64$780.78
4$2,270.87$14.17$246.08$2,024.78$65.82$1,041.03
5$2,024.78$12.64$247.62$1,777.16$78.45$1,301.29
6$1,777.16$11.09$249.17$1,528.00$89.55$1,561.55
7$1,528.00$9.54$250.72$1,277.28$99.08$1,821.81
8$1,277.28$7.97$252.29$1,024.99$107.06$2,082.07
9$1,024.99$6.40$253.86$771.13$113.45$2,342.33
10$771.13$4.81$255.45$515.68$118.27$2,602.58
11$515.68$3.22$257.04$258.64$121.49$2,862.84
12$258.64$1.61$258.64$0.00$123.10$3,123.10