Amortization Schedule

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

Total Payments
$11,059.40
Total Interest
$359.40
Number of Monthly Payments
15
Monthly Payment
$737.29
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,700.00$44.49$692.80$10,007.20$44.49$737.29
2$10,007.20$41.61$695.68$9,311.52$86.11$1,474.59
3$9,311.52$38.72$698.57$8,612.95$124.83$2,211.88
4$8,612.95$35.82$701.48$7,911.47$160.64$2,949.17
5$7,911.47$32.90$704.39$7,207.08$193.54$3,686.47
6$7,207.08$29.97$707.32$6,499.75$223.51$4,423.76
7$6,499.75$27.03$710.27$5,789.49$250.54$5,161.05
8$5,789.49$24.07$713.22$5,076.27$274.61$5,898.35
9$5,076.27$21.11$716.18$4,360.08$295.72$6,635.64
10$4,360.08$18.13$719.16$3,640.92$313.85$7,372.93
11$3,640.92$15.14$722.15$2,918.77$328.99$8,110.23
12$2,918.77$12.14$725.16$2,193.61$341.13$8,847.52
13$2,193.61$9.12$728.17$1,465.44$350.25$9,584.81
14$1,465.44$6.09$731.20$734.24$356.35$10,322.11
15$734.24$3.05$734.24$-0.00$359.40$11,059.40