Amortization Schedule

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

Total Payments
$11,137.88
Total Interest
$137.88
Number of Monthly Payments
5
Monthly Payment
$2,227.58
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$45.83$2,181.74$8,818.26$45.83$2,227.58
2$8,818.26$36.74$2,190.83$6,627.42$82.58$4,455.15
3$6,627.42$27.61$2,199.96$4,427.46$110.19$6,682.73
4$4,427.46$18.45$2,209.13$2,218.33$128.64$8,910.30
5$2,218.33$9.24$2,218.33$-0.00$137.88$11,137.88