Amortization Schedule

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

Total Payments
$11,360.77
Total Interest
$360.77
Number of Monthly Payments
12
Monthly Payment
$946.73
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$55.00$891.73$10,108.27$55.00$946.73
2$10,108.27$50.54$896.19$9,212.08$105.54$1,893.46
3$9,212.08$46.06$900.67$8,311.41$151.60$2,840.19
4$8,311.41$41.56$905.17$7,406.24$193.16$3,786.92
5$7,406.24$37.03$909.70$6,496.54$230.19$4,733.65
6$6,496.54$32.48$914.25$5,582.29$262.67$5,680.38
7$5,582.29$27.91$918.82$4,663.47$290.58$6,627.12
8$4,663.47$23.32$923.41$3,740.06$313.90$7,573.85
9$3,740.06$18.70$928.03$2,812.03$332.60$8,520.58
10$2,812.03$14.06$932.67$1,879.35$346.66$9,467.31
11$1,879.35$9.40$937.33$942.02$356.06$10,414.04
12$942.02$4.71$942.02$-0.00$360.77$11,360.77