Amortization Schedule

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

Total Payments
$11,521.50
Total Interest
$1,521.50
Number of Monthly Payments
12
Monthly Payment
$960.13
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$224.92$735.21$9,264.79$224.92$960.13
2$9,264.79$208.38$751.74$8,513.05$433.30$1,920.25
3$8,513.05$191.47$768.65$7,744.39$624.77$2,880.38
4$7,744.39$174.18$785.94$6,958.45$798.95$3,840.50
5$6,958.45$156.51$803.62$6,154.84$955.46$4,800.63
6$6,154.84$138.43$821.69$5,333.14$1,093.89$5,760.75
7$5,333.14$119.95$840.17$4,492.97$1,213.85$6,720.88
8$4,492.97$101.05$859.07$3,633.90$1,314.90$7,681.00
9$3,633.90$81.73$878.39$2,755.50$1,396.63$8,641.13
10$2,755.50$61.98$898.15$1,857.36$1,458.61$9,601.25
11$1,857.36$41.78$918.35$939.01$1,500.38$10,561.38
12$939.01$21.12$939.01$-0.00$1,521.50$11,521.50