Amortization Schedule

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

Total Payments
$10,006.50
Total Interest
$6.50
Number of Monthly Payments
12
Monthly Payment
$833.88
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$1.00$832.88$9,167.12$1.00$833.88
2$9,167.12$0.92$832.96$8,334.17$1.92$1,667.75
3$8,334.17$0.83$833.04$7,501.12$2.75$2,501.63
4$7,501.12$0.75$833.12$6,668.00$3.50$3,335.50
5$6,668.00$0.67$833.21$5,834.79$4.17$4,169.38
6$5,834.79$0.58$833.29$5,001.50$4.75$5,003.25
7$5,001.50$0.50$833.37$4,168.12$5.25$5,837.13
8$4,168.12$0.42$833.46$3,334.67$5.67$6,671.00
9$3,334.67$0.33$833.54$2,501.13$6.00$7,504.88
10$2,501.13$0.25$833.62$1,667.50$6.25$8,338.75
11$1,667.50$0.17$833.71$833.79$6.42$9,172.63
12$833.79$0.08$833.79$-0.00$6.50$10,006.50