Amortization Schedule

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

Total Payments
$12,357.87
Total Interest
$1,357.87
Number of Monthly Payments
21
Monthly Payment
$588.47
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$119.17$469.30$10,530.70$119.17$588.47
2$10,530.70$114.08$474.39$10,056.31$233.25$1,176.94
3$10,056.31$108.94$479.53$9,576.78$342.19$1,765.41
4$9,576.78$103.75$484.72$9,092.06$445.94$2,353.88
5$9,092.06$98.50$489.97$8,602.09$544.44$2,942.35
6$8,602.09$93.19$495.28$8,106.81$637.63$3,530.82
7$8,106.81$87.82$500.65$7,606.16$725.45$4,119.29
8$7,606.16$82.40$506.07$7,100.09$807.85$4,707.76
9$7,100.09$76.92$511.55$6,588.54$884.77$5,296.23
10$6,588.54$71.38$517.09$6,071.44$956.14$5,884.70
11$6,071.44$65.77$522.70$5,548.75$1,021.92$6,473.17
12$5,548.75$60.11$528.36$5,020.39$1,082.03$7,061.64
13$5,020.39$54.39$534.08$4,486.31$1,136.42$7,650.11
14$4,486.31$48.60$539.87$3,946.44$1,185.02$8,238.58
15$3,946.44$42.75$545.72$3,400.72$1,227.77$8,827.05
16$3,400.72$36.84$551.63$2,849.09$1,264.61$9,415.52
17$2,849.09$30.87$557.61$2,291.49$1,295.48$10,003.99
18$2,291.49$24.82$563.65$1,727.84$1,320.30$10,592.46
19$1,727.84$18.72$569.75$1,158.09$1,339.02$11,180.93
20$1,158.09$12.55$575.92$582.16$1,351.57$11,769.40
21$582.16$6.31$582.16$-0.00$1,357.87$12,357.87