Francisco, Robinson and Assoc., Inc. REALTORS® New Kent Co. Amortization Schedule

Francisco, Robinson and Assoc., Inc., REALTORS®

Amortization Schedule Example

This is an abbreviated example of an amortization schedule of $165000.00 borrowed for 30 years at 7 percent interest. The payments shown below demonstrate how in each monthly loan payment, the interest payment decreases as the principal payment increases.

Amortization Table for $165000.00 borrowed on Nov 17, 2005
Month Year	12 2005	1 2006	2 2006	3 2006	4 2006	5 2006
Payment ($)	1086.70	1086.70	1086.70	1086.70	1086.70	1086.70
Principal Paid ($)	137.94	138.73	139.53	140.33	141.14	141.95
Interest Paid ($)	948.76	947.96	947.17	946.36	945.56	944.74
Total Interest ($)	948.76	1896.72	2843.89	3790.25	4735.81	5680.55
Balance ($)	164862.06	164723.33	164583.80	164443.47	164302.33	164160.38
Month Year	6 2006	7 2006	8 2006	9 2006	10 2006	11 2006
Payment ($)	1086.70	1086.70	1086.70	1086.70	1086.70	1086.70
Principal Paid ($)	142.77	143.59	144.41	145.24	146.08	146.92
Interest Paid ($)	943.93	943.11	942.28	941.45	940.62	939.78
Total Interest ($)	6624.48	7567.59	8509.87	9451.32	10391.94	11331.71
Balance ($)	164017.61	163874.02	163729.61	163584.37	163438.29	163291.37
Month Year	12 2006	1 2007	2 2007	3 2007	4 2007	5 2007
Payment ($)	1086.70	1086.70	1086.70	1086.70	1086.70	1086.70
Principal Paid ($)	147.76	148.61	149.47	150.33	151.19	152.06
Interest Paid ($)	938.93	938.08	937.23	936.37	935.50	934.63
Total Interest ($)	12270.65	13208.73	14145.96	15082.32	16017.83	16952.46
Balance ($)	163143.60	162994.99	162845.52	162695.20	162544.00	162391.94
Month Year	6 2007	7 2007	8 2007	9 2007	10 2007	11 2007
Payment ($)	1086.70	1086.70	1086.70	1086.70	1086.70	1086.70
Principal Paid ($)	152.94	153.81	154.70	155.59	156.48	157.38
Interest Paid ($)	933.76	932.88	932.00	931.11	930.21	929.31
Total Interest ($)	17886.22	18819.10	19751.10	20682.21	21612.42	22541.73
Balance ($)	162239.01	162085.19	161930.49	161774.91	161618.42	161461.04

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