Amortization Schedule

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

Total Payments
$10,891.48
Total Interest
$891.48
Number of Monthly Payments
6
Monthly Payment
$1,815.25
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$249.58$1,565.66$8,434.34$249.58$1,815.25
2$8,434.34$210.51$1,604.74$6,829.60$460.09$3,630.49
3$6,829.60$170.46$1,644.79$5,184.81$630.55$5,445.74
4$5,184.81$129.40$1,685.84$3,498.96$759.95$7,260.99
5$3,498.96$87.33$1,727.92$1,771.04$847.28$9,076.23
6$1,771.04$44.20$1,771.04$0.00$891.48$10,891.48