Amortization Schedule

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

Total Payments
$11,851.90
Total Interest
$851.90
Number of Monthly Payments
12
Monthly Payment
$987.66
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$128.33$859.32$10,140.68$128.33$987.66
2$10,140.68$118.31$869.35$9,271.32$246.64$1,975.32
3$9,271.32$108.17$879.49$8,391.83$354.81$2,962.97
4$8,391.83$97.90$889.75$7,502.08$452.71$3,950.63
5$7,502.08$87.52$900.13$6,601.94$540.24$4,938.29
6$6,601.94$77.02$910.64$5,691.31$617.26$5,925.95
7$5,691.31$66.40$921.26$4,770.05$683.66$6,913.61
8$4,770.05$55.65$932.01$3,838.04$739.31$7,901.27
9$3,838.04$44.78$942.88$2,895.16$784.08$8,888.92
10$2,895.16$33.78$953.88$1,941.28$817.86$9,876.58
11$1,941.28$22.65$965.01$976.27$840.51$10,864.24
12$976.27$11.39$976.27$0.00$851.90$11,851.90