Amortization Schedule

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

Total Payments
$11,758.32
Total Interest
$758.32
Number of Monthly Payments
12
Monthly Payment
$979.86
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$114.49$865.37$10,134.63$114.49$979.86
2$10,134.63$105.48$874.38$9,260.26$219.98$1,959.72
3$9,260.26$96.38$883.48$8,376.78$316.36$2,939.58
4$8,376.78$87.19$892.67$7,484.11$403.55$3,919.44
5$7,484.11$77.90$901.96$6,582.15$481.45$4,899.30
6$6,582.15$68.51$911.35$5,670.79$549.95$5,879.16
7$5,670.79$59.02$920.84$4,749.96$608.98$6,859.02
8$4,749.96$49.44$930.42$3,819.54$658.42$7,838.88
9$3,819.54$39.76$940.10$2,879.43$698.17$8,818.74
10$2,879.43$29.97$949.89$1,929.54$728.14$9,798.60
11$1,929.54$20.08$959.78$969.77$748.23$10,778.46
12$969.77$10.09$969.77$0.00$758.32$11,758.32