Amortization Schedule

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

Total Payments
$12,538.42
Total Interest
$1,538.42
Number of Monthly Payments
18
Monthly Payment
$696.58
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$155.74$540.84$10,459.16$155.74$696.58
2$10,459.16$148.08$548.49$9,910.67$303.83$1,393.16
3$9,910.67$140.32$556.26$9,354.41$444.14$2,089.74
4$9,354.41$132.44$564.14$8,790.27$576.59$2,786.32
5$8,790.27$124.46$572.12$8,218.15$701.04$3,482.89
6$8,218.15$116.36$580.22$7,637.93$817.40$4,179.47
7$7,637.93$108.14$588.44$7,049.49$925.54$4,876.05
8$7,049.49$99.81$596.77$6,452.72$1,025.35$5,572.63
9$6,452.72$91.36$605.22$5,847.50$1,116.71$6,269.21
10$5,847.50$82.79$613.79$5,233.71$1,199.50$6,965.79
11$5,233.71$74.10$622.48$4,611.23$1,273.60$7,662.37
12$4,611.23$65.29$631.29$3,979.94$1,338.89$8,358.95
13$3,979.94$56.35$640.23$3,339.71$1,395.24$9,055.52
14$3,339.71$47.28$649.29$2,690.42$1,442.52$9,752.10
15$2,690.42$38.09$658.49$2,031.93$1,480.61$10,448.68
16$2,031.93$28.77$667.81$1,364.12$1,509.38$11,145.26
17$1,364.12$19.31$677.27$686.85$1,528.69$11,841.84
18$686.85$9.72$686.85$-0.00$1,538.42$12,538.42