Amortization Schedule

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

Total Payments
$11,444.87
Total Interest
$444.87
Number of Monthly Payments
11
Monthly Payment
$1,040.44
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$73.33$967.11$10,032.89$73.33$1,040.44
2$10,032.89$66.89$973.56$9,059.33$140.22$2,080.89
3$9,059.33$60.40$980.05$8,079.29$200.61$3,121.33
4$8,079.29$53.86$986.58$7,092.71$254.48$4,161.77
5$7,092.71$47.28$993.16$6,099.55$301.76$5,202.21
6$6,099.55$40.66$999.78$5,099.77$342.43$6,242.66
7$5,099.77$34.00$1,006.44$4,093.32$376.42$7,283.10
8$4,093.32$27.29$1,013.15$3,080.17$403.71$8,323.54
9$3,080.17$20.53$1,019.91$2,060.26$424.25$9,363.99
10$2,060.26$13.74$1,026.71$1,033.55$437.98$10,404.43
11$1,033.55$6.89$1,033.55$-0.00$444.87$11,444.87