Amortization Schedule

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

Total Payments
$11,324.40
Total Interest
$324.40
Number of Monthly Payments
12
Monthly Payment
$943.70
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$49.50$894.20$10,105.80$49.50$943.70
2$10,105.80$45.48$898.22$9,207.58$94.98$1,887.40
3$9,207.58$41.43$902.27$8,305.31$136.41$2,831.10
4$8,305.31$37.37$906.33$7,398.98$173.78$3,774.80
5$7,398.98$33.30$910.40$6,488.58$207.08$4,718.50
6$6,488.58$29.20$914.50$5,574.08$236.28$5,662.20
7$5,574.08$25.08$918.62$4,655.46$261.36$6,605.90
8$4,655.46$20.95$922.75$3,732.71$282.31$7,549.60
9$3,732.71$16.80$926.90$2,805.81$299.11$8,493.30
10$2,805.81$12.63$931.07$1,874.74$311.73$9,437.00
11$1,874.74$8.44$935.26$939.47$320.17$10,380.70
12$939.47$4.23$939.47$-0.00$324.40$11,324.40