Amortization Schedule

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

Total Payments
$11,728.04
Total Interest
$728.04
Number of Monthly Payments
12
Monthly Payment
$977.34
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$110.00$867.34$10,132.66$110.00$977.34
2$10,132.66$101.33$876.01$9,256.65$211.33$1,954.67
3$9,256.65$92.57$884.77$8,371.88$303.89$2,932.01
4$8,371.88$83.72$893.62$7,478.27$387.61$3,909.35
5$7,478.27$74.78$902.55$6,575.71$462.39$4,886.68
6$6,575.71$65.76$911.58$5,664.13$528.15$5,864.02
7$5,664.13$56.64$920.70$4,743.44$584.79$6,841.36
8$4,743.44$47.43$929.90$3,813.53$632.23$7,818.69
9$3,813.53$38.14$939.20$2,874.33$670.36$8,796.03
10$2,874.33$28.74$948.59$1,925.74$699.11$9,773.37
11$1,925.74$19.26$958.08$967.66$718.36$10,750.70
12$967.66$9.68$967.66$0.00$728.04$11,728.04