Amortization Schedule

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

Total Payments
$11,028.97
Total Interest
$1,028.97
Number of Monthly Payments
15
Monthly Payment
$735.26
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$125.00$610.26$9,389.74$125.00$735.26
2$9,389.74$117.37$617.89$8,771.84$242.37$1,470.53
3$8,771.84$109.65$625.62$8,146.23$352.02$2,205.79
4$8,146.23$101.83$633.44$7,512.79$453.85$2,941.06
5$7,512.79$93.91$641.35$6,871.43$547.76$3,676.32
6$6,871.43$85.89$649.37$6,222.06$633.65$4,411.59
7$6,222.06$77.78$657.49$5,564.57$711.43$5,146.85
8$5,564.57$69.56$665.71$4,898.87$780.98$5,882.12
9$4,898.87$61.24$674.03$4,224.84$842.22$6,617.38
10$4,224.84$52.81$682.45$3,542.38$895.03$7,352.65
11$3,542.38$44.28$690.98$2,851.40$939.31$8,087.91
12$2,851.40$35.64$699.62$2,151.78$974.95$8,823.18
13$2,151.78$26.90$708.37$1,443.41$1,001.85$9,558.44
14$1,443.41$18.04$717.22$726.19$1,019.89$10,293.70
15$726.19$9.08$726.19$-0.00$1,028.97$11,028.97