Amortization Schedule

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

Total Payments
$11,966.86
Total Interest
$1,966.86
Number of Monthly Payments
9
Monthly Payment
$1,329.65
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$375.00$954.65$9,045.35$375.00$1,329.65
2$9,045.35$339.20$990.45$8,054.90$714.20$2,659.30
3$8,054.90$302.06$1,027.59$7,027.30$1,016.26$3,988.95
4$7,027.30$263.52$1,066.13$5,961.18$1,279.78$5,318.61
5$5,961.18$223.54$1,106.11$4,855.07$1,503.33$6,648.26
6$4,855.07$182.07$1,147.59$3,707.48$1,685.39$7,977.91
7$3,707.48$139.03$1,190.62$2,516.86$1,824.42$9,307.56
8$2,516.86$94.38$1,235.27$1,281.59$1,918.81$10,637.21
9$1,281.59$48.06$1,281.59$0.00$1,966.86$11,966.86