Amortization Schedule

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

Total Payments
$10,656.24
Total Interest
$656.24
Number of Monthly Payments
12
Monthly Payment
$888.02
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$99.17$788.85$9,211.15$99.17$888.02
2$9,211.15$91.34$796.68$8,414.47$190.51$1,776.04
3$8,414.47$83.44$804.58$7,609.89$273.95$2,664.06
4$7,609.89$75.46$812.56$6,797.34$349.42$3,552.08
5$6,797.34$67.41$820.61$5,976.73$416.83$4,440.10
6$5,976.73$59.27$828.75$5,147.97$476.09$5,328.12
7$5,147.97$51.05$836.97$4,311.00$527.15$6,216.14
8$4,311.00$42.75$845.27$3,465.74$569.90$7,104.16
9$3,465.74$34.37$853.65$2,612.08$604.27$7,992.18
10$2,612.08$25.90$862.12$1,749.97$630.17$8,880.20
11$1,749.97$17.35$870.67$879.30$647.52$9,768.22
12$879.30$8.72$879.30$-0.00$656.24$10,656.24