Amortization Schedule

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

Total Payments
$11,876.25
Total Interest
$1,876.25
Number of Monthly Payments
12
Monthly Payment
$989.69
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$275.00$714.69$9,285.31$275.00$989.69
2$9,285.31$255.35$734.34$8,550.97$530.35$1,979.37
3$8,550.97$235.15$754.54$7,796.44$765.50$2,969.06
4$7,796.44$214.40$775.29$7,021.15$979.90$3,958.75
5$7,021.15$193.08$796.61$6,224.55$1,172.98$4,948.44
6$6,224.55$171.18$818.51$5,406.03$1,344.16$5,938.12
7$5,406.03$148.67$841.02$4,565.01$1,492.82$6,927.81
8$4,565.01$125.54$864.15$3,700.86$1,618.36$7,917.50
9$3,700.86$101.77$887.91$2,812.95$1,720.13$8,907.18
10$2,812.95$77.36$912.33$1,900.62$1,797.49$9,896.87
11$1,900.62$52.27$937.42$963.20$1,849.76$10,886.56
12$963.20$26.49$963.20$0.00$1,876.25$11,876.25