Amortization Schedule

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

Total Payments
$10,760.34
Total Interest
$760.34
Number of Monthly Payments
12
Monthly Payment
$896.70
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$114.58$782.11$9,217.89$114.58$896.70
2$9,217.89$105.62$791.07$8,426.81$220.20$1,793.39
3$8,426.81$96.56$800.14$7,626.68$316.76$2,690.09
4$7,626.68$87.39$809.31$6,817.37$404.15$3,586.78
5$6,817.37$78.12$818.58$5,998.79$482.27$4,483.48
6$5,998.79$68.74$827.96$5,170.83$551.00$5,380.17
7$5,170.83$59.25$837.45$4,333.39$610.25$6,276.87
8$4,333.39$49.65$847.04$3,486.34$659.91$7,173.56
9$3,486.34$39.95$856.75$2,629.60$699.85$8,070.26
10$2,629.60$30.13$866.56$1,763.03$729.98$8,966.95
11$1,763.03$20.20$876.49$886.54$750.19$9,863.65
12$886.54$10.16$886.54$0.00$760.34$10,760.34