Amortization Schedule

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

Total Payments
$12,131.87
Total Interest
$1,131.87
Number of Monthly Payments
15
Monthly Payment
$808.79
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$137.50$671.29$10,328.71$137.50$808.79
2$10,328.71$129.11$679.68$9,649.03$266.61$1,617.58
3$9,649.03$120.61$688.18$8,960.85$387.22$2,426.37
4$8,960.85$112.01$696.78$8,264.07$499.23$3,235.16
5$8,264.07$103.30$705.49$7,558.58$602.53$4,043.96
6$7,558.58$94.48$714.31$6,844.27$697.02$4,852.75
7$6,844.27$85.55$723.24$6,121.03$782.57$5,661.54
8$6,121.03$76.51$732.28$5,388.75$859.08$6,470.33
9$5,388.75$67.36$741.43$4,647.32$926.44$7,279.12
10$4,647.32$58.09$750.70$3,896.62$984.53$8,087.91
11$3,896.62$48.71$760.08$3,136.54$1,033.24$8,896.70
12$3,136.54$39.21$769.58$2,366.95$1,072.45$9,705.49
13$2,366.95$29.59$779.20$1,587.75$1,102.03$10,514.28
14$1,587.75$19.85$788.94$798.81$1,121.88$11,323.07
15$798.81$9.99$798.81$-0.00$1,131.87$12,131.87