Amortization Schedule

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

Total Payments
$11,782.70
Total Interest
$782.70
Number of Monthly Payments
6
Monthly Payment
$1,963.78
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$220.00$1,743.78$9,256.22$220.00$1,963.78
2$9,256.22$185.12$1,778.66$7,477.56$405.12$3,927.57
3$7,477.56$149.55$1,814.23$5,663.32$554.68$5,891.35
4$5,663.32$113.27$1,850.52$3,812.81$667.94$7,855.14
5$3,812.81$76.26$1,887.53$1,925.28$744.20$9,818.92
6$1,925.28$38.51$1,925.28$0.00$782.70$11,782.70