Amortization Schedule

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

Total Payments
$11,758.94
Total Interest
$758.94
Number of Monthly Payments
12
Monthly Payment
$979.91
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$114.58$865.33$10,134.67$114.58$979.91
2$10,134.67$105.57$874.34$9,260.33$220.15$1,959.82
3$9,260.33$96.46$883.45$8,376.88$316.61$2,939.73
4$8,376.88$87.26$892.65$7,484.23$403.87$3,919.65
5$7,484.23$77.96$901.95$6,582.28$481.83$4,899.56
6$6,582.28$68.57$911.35$5,670.93$550.40$5,879.47
7$5,670.93$59.07$920.84$4,750.09$609.47$6,859.38
8$4,750.09$49.48$930.43$3,819.66$658.95$7,839.29
9$3,819.66$39.79$940.12$2,879.54$698.74$8,819.20
10$2,879.54$30.00$949.92$1,929.62$728.74$9,799.11
11$1,929.62$20.10$959.81$969.81$748.84$10,779.03
12$969.81$10.10$969.81$0.00$758.94$11,758.94