Amortization Schedule

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

Total Payments
$12,980.24
Total Interest
$1,980.24
Number of Monthly Payments
12
Monthly Payment
$1,081.69
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$290.77$790.92$10,209.08$290.77$1,081.69
2$10,209.08$269.86$811.83$9,397.25$560.63$2,163.37
3$9,397.25$248.40$833.29$8,563.97$809.03$3,245.06
4$8,563.97$226.37$855.31$7,708.66$1,035.40$4,326.75
5$7,708.66$203.77$877.92$6,830.74$1,239.17$5,408.43
6$6,830.74$180.56$901.13$5,929.61$1,419.73$6,490.12
7$5,929.61$156.74$924.95$5,004.66$1,576.47$7,571.80
8$5,004.66$132.29$949.40$4,055.26$1,708.76$8,653.49
9$4,055.26$107.19$974.49$3,080.77$1,815.95$9,735.18
10$3,080.77$81.44$1,000.25$2,080.52$1,897.38$10,816.86
11$2,080.52$55.00$1,026.69$1,053.83$1,952.38$11,898.55
12$1,053.83$27.86$1,053.83$-0.00$1,980.24$12,980.24