Amortization Schedule

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

Total Payments
$11,789.88
Total Interest
$789.88
Number of Monthly Payments
12
Monthly Payment
$982.49
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$119.17$863.32$10,136.68$119.17$982.49
2$10,136.68$109.81$872.68$9,264.00$228.98$1,964.98
3$9,264.00$100.36$882.13$8,381.87$329.34$2,947.47
4$8,381.87$90.80$891.69$7,490.18$420.14$3,929.96
5$7,490.18$81.14$901.35$6,588.84$501.29$4,912.45
6$6,588.84$71.38$911.11$5,677.73$572.67$5,894.94
7$5,677.73$61.51$920.98$4,756.75$634.18$6,877.43
8$4,756.75$51.53$930.96$3,825.79$685.71$7,859.92
9$3,825.79$41.45$941.04$2,884.74$727.15$8,842.41
10$2,884.74$31.25$951.24$1,933.50$758.40$9,824.90
11$1,933.50$20.95$961.54$971.96$779.35$10,807.39
12$971.96$10.53$971.96$-0.00$789.88$11,789.88