Amortization Schedule

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

Total Payments
$11,481.86
Total Interest
$481.86
Number of Monthly Payments
12
Monthly Payment
$956.82
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$73.24$883.58$10,116.42$73.24$956.82
2$10,116.42$67.36$889.46$9,226.96$140.60$1,913.64
3$9,226.96$61.44$895.39$8,331.57$202.04$2,870.47
4$8,331.57$55.47$901.35$7,430.22$257.51$3,827.29
5$7,430.22$49.47$907.35$6,522.87$306.98$4,784.11
6$6,522.87$43.43$913.39$5,609.48$350.42$5,740.93
7$5,609.48$37.35$919.47$4,690.01$387.76$6,697.75
8$4,690.01$31.23$925.59$3,764.42$418.99$7,654.57
9$3,764.42$25.06$931.76$2,832.66$444.06$8,611.40
10$2,832.66$18.86$937.96$1,894.70$462.92$9,568.22
11$1,894.70$12.62$944.21$950.49$475.53$10,525.04
12$950.49$6.33$950.49$0.00$481.86$11,481.86