Amortization Schedule

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

Total Payments
$21,506.12
Total Interest
$11,506.12
Number of Monthly Payments
6
Monthly Payment
$3,584.35
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$2,750.00$834.35$9,165.65$2,750.00$3,584.35
2$9,165.65$2,520.55$1,063.80$8,101.85$5,270.55$7,168.71
3$8,101.85$2,228.01$1,356.34$6,745.50$7,498.56$10,753.06
4$6,745.50$1,855.01$1,729.34$5,016.16$9,353.57$14,337.41
5$5,016.16$1,379.45$2,204.91$2,811.26$10,733.02$17,921.76
6$2,811.26$773.10$2,811.26$-0.00$11,506.12$21,506.12