Amortization Schedule

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

Total Payments
$11,515.72
Total Interest
$515.72
Number of Monthly Payments
6
Monthly Payment
$1,919.29
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$145.75$1,773.54$9,226.46$145.75$1,919.29
2$9,226.46$122.25$1,797.04$7,429.43$268.00$3,838.57
3$7,429.43$98.44$1,820.85$5,608.58$366.44$5,757.86
4$5,608.58$74.31$1,844.97$3,763.61$440.75$7,677.15
5$3,763.61$49.87$1,869.42$1,894.19$490.62$9,596.43
6$1,894.19$25.10$1,894.19$-0.00$515.72$11,515.72