Amortization Schedule

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

Total Payments
$10,490.31
Total Interest
$240.31
Number of Monthly Payments
12
Monthly Payment
$874.19
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,250.00$36.73$837.46$9,412.54$36.73$874.19
2$9,412.54$33.73$840.46$8,572.07$70.46$1,748.38
3$8,572.07$30.72$843.48$7,728.60$101.17$2,622.58
4$7,728.60$27.69$846.50$6,882.10$128.87$3,496.77
5$6,882.10$24.66$849.53$6,032.57$153.53$4,370.96
6$6,032.57$21.62$852.58$5,179.99$175.15$5,245.15
7$5,179.99$18.56$855.63$4,324.36$193.71$6,119.34
8$4,324.36$15.50$858.70$3,465.67$209.20$6,993.54
9$3,465.67$12.42$861.77$2,603.89$221.62$7,867.73
10$2,603.89$9.33$864.86$1,739.03$230.95$8,741.92
11$1,739.03$6.23$867.96$871.07$237.18$9,616.11
12$871.07$3.12$871.07$-0.00$240.31$10,490.31