Amortization Schedule

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

Total Payments
$12,531.61
Total Interest
$2,531.61
Number of Monthly Payments
18
Monthly Payment
$696.20
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$249.17$447.03$9,552.97$249.17$696.20
2$9,552.97$238.03$458.17$9,094.79$487.19$1,392.40
3$9,094.79$226.61$469.59$8,625.21$713.81$2,088.60
4$8,625.21$214.91$481.29$8,143.92$928.72$2,784.80
5$8,143.92$202.92$493.28$7,650.64$1,131.64$3,481.00
6$7,650.64$190.63$505.57$7,145.06$1,322.27$4,177.20
7$7,145.06$178.03$518.17$6,626.89$1,500.30$4,873.40
8$6,626.89$165.12$531.08$6,095.81$1,665.42$5,569.60
9$6,095.81$151.89$544.31$5,551.50$1,817.30$6,265.80
10$5,551.50$138.32$557.88$4,993.63$1,955.63$6,962.00
11$4,993.63$124.42$571.78$4,421.85$2,080.05$7,658.20
12$4,421.85$110.18$586.02$3,835.83$2,190.23$8,354.40
13$3,835.83$95.58$600.62$3,235.20$2,285.81$9,050.60
14$3,235.20$80.61$615.59$2,619.61$2,366.42$9,746.80
15$2,619.61$65.27$630.93$1,988.69$2,431.69$10,443.00
16$1,988.69$49.55$646.65$1,342.04$2,481.24$11,139.21
17$1,342.04$33.44$662.76$679.28$2,514.68$11,835.41
18$679.28$16.93$679.28$0.00$2,531.61$12,531.61