Amortization Schedule

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

Total Payments
$11,360.59
Total Interest
$360.59
Number of Monthly Payments
9
Monthly Payment
$1,262.29
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$71.50$1,190.79$9,809.21$71.50$1,262.29
2$9,809.21$63.76$1,198.53$8,610.68$135.26$2,524.58
3$8,610.68$55.97$1,206.32$7,404.37$191.23$3,786.86
4$7,404.37$48.13$1,214.16$6,190.21$239.36$5,049.15
5$6,190.21$40.24$1,222.05$4,968.16$279.59$6,311.44
6$4,968.16$32.29$1,229.99$3,738.16$311.89$7,573.73
7$3,738.16$24.30$1,237.99$2,500.17$336.19$8,836.01
8$2,500.17$16.25$1,246.04$1,254.14$352.44$10,098.30
9$1,254.14$8.15$1,254.14$-0.00$360.59$11,360.59