Amortization Schedule

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

Total Payments
$10,661.85
Total Interest
$661.85
Number of Monthly Payments
12
Monthly Payment
$888.49
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$100.00$788.49$9,211.51$100.00$888.49
2$9,211.51$92.12$796.37$8,415.14$192.12$1,776.98
3$8,415.14$84.15$804.34$7,610.80$276.27$2,665.46
4$7,610.80$76.11$812.38$6,798.42$352.37$3,553.95
5$6,798.42$67.98$820.50$5,977.92$420.36$4,442.44
6$5,977.92$59.78$828.71$5,149.21$480.14$5,330.93
7$5,149.21$51.49$837.00$4,312.21$531.63$6,219.42
8$4,312.21$43.12$845.37$3,466.85$574.75$7,107.90
9$3,466.85$34.67$853.82$2,613.03$609.42$7,996.39
10$2,613.03$26.13$862.36$1,750.67$635.55$8,884.88
11$1,750.67$17.51$870.98$879.69$653.06$9,773.37
12$879.69$8.80$879.69$0.00$661.85$10,661.85