Amortization Schedule

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

Total Payments
$11,816.82
Total Interest
$1,816.82
Number of Monthly Payments
12
Monthly Payment
$984.74
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$266.67$718.07$9,281.93$266.67$984.74
2$9,281.93$247.52$737.22$8,544.71$514.18$1,969.47
3$8,544.71$227.86$756.88$7,787.84$742.04$2,954.21
4$7,787.84$207.68$777.06$7,010.78$949.72$3,938.94
5$7,010.78$186.95$797.78$6,213.00$1,136.67$4,923.68
6$6,213.00$165.68$819.06$5,393.94$1,302.35$5,908.41
7$5,393.94$143.84$840.90$4,553.04$1,446.19$6,893.15
8$4,553.04$121.41$863.32$3,689.72$1,567.61$7,877.88
9$3,689.72$98.39$886.34$2,803.38$1,666.00$8,862.62
10$2,803.38$74.76$909.98$1,893.40$1,740.76$9,847.35
11$1,893.40$50.49$934.24$959.16$1,791.25$10,832.09
12$959.16$25.58$959.16$-0.00$1,816.82$11,816.82