Amortization Schedule

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

Total Payments
$10,686.72
Total Interest
$686.72
Number of Monthly Payments
8
Monthly Payment
$1,335.84
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$150.00$1,185.84$8,814.16$150.00$1,335.84
2$8,814.16$132.21$1,203.63$7,610.53$282.21$2,671.68
3$7,610.53$114.16$1,221.68$6,388.85$396.37$4,007.52
4$6,388.85$95.83$1,240.01$5,148.84$492.20$5,343.36
5$5,148.84$77.23$1,258.61$3,890.23$569.44$6,679.20
6$3,890.23$58.35$1,277.49$2,612.75$627.79$8,015.04
7$2,612.75$39.19$1,296.65$1,316.10$666.98$9,350.88
8$1,316.10$19.74$1,316.10$-0.00$686.72$10,686.72