Amortization Schedule

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

Total Payments
$11,080.35
Total Interest
$80.35
Number of Monthly Payments
6
Monthly Payment
$1,846.72
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$22.92$1,823.81$9,176.19$22.92$1,846.72
2$9,176.19$19.12$1,827.61$7,348.58$42.03$3,693.45
3$7,348.58$15.31$1,831.42$5,517.17$57.34$5,540.17
4$5,517.17$11.49$1,835.23$3,681.94$68.84$7,386.90
5$3,681.94$7.67$1,839.05$1,842.89$76.51$9,233.62
6$1,842.89$3.84$1,842.89$0.00$80.35$11,080.35