Amortization Schedule

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

Total Payments
$11,096.45
Total Interest
$96.45
Number of Monthly Payments
6
Monthly Payment
$1,849.41
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$27.50$1,821.91$9,178.09$27.50$1,849.41
2$9,178.09$22.95$1,826.46$7,351.63$50.45$3,698.82
3$7,351.63$18.38$1,831.03$5,520.60$68.82$5,548.23
4$5,520.60$13.80$1,835.61$3,684.99$82.63$7,397.63
5$3,684.99$9.21$1,840.20$1,844.80$91.84$9,247.04
6$1,844.80$4.61$1,844.80$-0.00$96.45$11,096.45