Amortization Schedule

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

Total Payments
$11,976.47
Total Interest
$976.47
Number of Monthly Payments
12
Monthly Payment
$998.04
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$146.67$851.37$10,148.63$146.67$998.04
2$10,148.63$135.32$862.72$9,285.90$281.98$1,996.08
3$9,285.90$123.81$874.23$8,411.68$405.79$2,994.12
4$8,411.68$112.16$885.88$7,525.79$517.95$3,992.16
5$7,525.79$100.34$897.70$6,628.10$618.29$4,990.20
6$6,628.10$88.37$909.66$5,718.43$706.67$5,988.24
7$5,718.43$76.25$921.79$4,796.64$782.91$6,986.28
8$4,796.64$63.96$934.08$3,862.55$846.87$7,984.32
9$3,862.55$51.50$946.54$2,916.01$898.37$8,982.35
10$2,916.01$38.88$959.16$1,956.86$937.25$9,980.39
11$1,956.86$26.09$971.95$984.91$963.34$10,978.43
12$984.91$13.13$984.91$0.00$976.47$11,976.47