Amortization Schedule

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

Total Payments
$11,315.32
Total Interest
$315.32
Number of Monthly Payments
12
Monthly Payment
$942.94
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$48.13$894.82$10,105.18$48.13$942.94
2$10,105.18$44.21$898.73$9,206.45$92.34$1,885.89
3$9,206.45$40.28$902.66$8,303.78$132.61$2,828.83
4$8,303.78$36.33$906.61$7,397.17$168.94$3,771.77
5$7,397.17$32.36$910.58$6,486.59$201.31$4,714.71
6$6,486.59$28.38$914.56$5,572.03$229.68$5,657.66
7$5,572.03$24.38$918.57$4,653.46$254.06$6,600.60
8$4,653.46$20.36$922.58$3,730.88$274.42$7,543.54
9$3,730.88$16.32$926.62$2,804.26$290.74$8,486.49
10$2,804.26$12.27$930.67$1,873.58$303.01$9,429.43
11$1,873.58$8.20$934.75$938.84$311.21$10,372.37
12$938.84$4.11$938.84$0.00$315.32$11,315.32