Amortization Schedule

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

Total Payments
$12,025.48
Total Interest
$2,025.48
Number of Monthly Payments
12
Monthly Payment
$1,002.12
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$295.83$706.29$9,293.71$295.83$1,002.12
2$9,293.71$274.94$727.18$8,566.52$570.77$2,004.25
3$8,566.52$253.43$748.70$7,817.83$824.20$3,006.37
4$7,817.83$231.28$770.85$7,046.98$1,055.48$4,008.49
5$7,046.98$208.47$793.65$6,253.33$1,263.95$5,010.62
6$6,253.33$184.99$817.13$5,436.20$1,448.94$6,012.74
7$5,436.20$160.82$841.30$4,594.90$1,609.76$7,014.87
8$4,594.90$135.93$866.19$3,728.71$1,745.70$8,016.99
9$3,728.71$110.31$891.82$2,836.89$1,856.00$9,019.11
10$2,836.89$83.92$918.20$1,918.69$1,939.93$10,021.24
11$1,918.69$56.76$945.36$973.33$1,996.69$11,023.36
12$973.33$28.79$973.33$-0.00$2,025.48$12,025.48