Amortization Schedule

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

Total Payments
$980.34
Total Interest
$80.34
Number of Monthly Payments
6
Monthly Payment
$163.39
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$900.00$22.49$140.90$759.10$22.49$163.39
2$759.10$18.97$144.42$614.68$41.46$326.78
3$614.68$15.36$148.03$466.65$56.83$490.17
4$466.65$11.66$151.73$314.93$68.49$653.56
5$314.93$7.87$155.52$159.41$76.36$816.95
6$159.41$3.98$159.41$0.00$80.34$980.34