Amortization Schedule

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

Total Payments
$11,789.26
Total Interest
$789.26
Number of Monthly Payments
12
Monthly Payment
$982.44
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$119.08$863.36$10,136.64$119.08$982.44
2$10,136.64$109.73$872.71$9,263.93$228.80$1,964.88
3$9,263.93$100.28$882.16$8,381.77$329.09$2,947.32
4$8,381.77$90.73$891.71$7,490.07$419.82$3,929.75
5$7,490.07$81.08$901.36$6,588.71$500.90$4,912.19
6$6,588.71$71.32$911.12$5,677.59$572.22$5,894.63
7$5,677.59$61.46$920.98$4,756.61$633.68$6,877.07
8$4,756.61$51.49$930.95$3,825.66$685.17$7,859.51
9$3,825.66$41.41$941.03$2,884.64$726.58$8,841.95
10$2,884.64$31.23$951.21$1,933.43$757.81$9,824.38
11$1,933.43$20.93$961.51$971.92$778.74$10,806.82
12$971.92$10.52$971.92$0.00$789.26$11,789.26