Amortization Schedule

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

Total Payments
$11,476.37
Total Interest
$476.37
Number of Monthly Payments
12
Monthly Payment
$956.36
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$72.42$883.95$10,116.05$72.42$956.36
2$10,116.05$66.60$889.77$9,226.29$139.01$1,912.73
3$9,226.29$60.74$895.62$8,330.66$199.75$2,869.09
4$8,330.66$54.84$901.52$7,429.14$254.60$3,825.46
5$7,429.14$48.91$907.46$6,521.68$303.51$4,781.82
6$6,521.68$42.93$913.43$5,608.26$346.44$5,738.19
7$5,608.26$36.92$919.44$4,688.81$383.36$6,694.55
8$4,688.81$30.87$925.50$3,763.32$414.23$7,650.91
9$3,763.32$24.78$931.59$2,831.73$439.00$8,607.28
10$2,831.73$18.64$937.72$1,894.00$457.65$9,563.64
11$1,894.00$12.47$943.90$950.11$470.12$10,520.01
12$950.11$6.25$950.11$0.00$476.37$11,476.37