Amortization Schedule

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

Total Payments
$11,543.59
Total Interest
$543.59
Number of Monthly Payments
12
Monthly Payment
$961.97
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$82.50$879.47$10,120.53$82.50$961.97
2$10,120.53$75.90$886.06$9,234.47$158.40$1,923.93
3$9,234.47$69.26$892.71$8,341.76$227.66$2,885.90
4$8,341.76$62.56$899.40$7,442.36$290.23$3,847.86
5$7,442.36$55.82$906.15$6,536.21$346.04$4,809.83
6$6,536.21$49.02$912.94$5,623.27$395.07$5,771.80
7$5,623.27$42.17$919.79$4,703.48$437.24$6,733.76
8$4,703.48$35.28$926.69$3,776.79$472.52$7,695.73
9$3,776.79$28.33$933.64$2,843.15$500.84$8,657.70
10$2,843.15$21.32$940.64$1,902.50$522.17$9,619.66
11$1,902.50$14.27$947.70$954.81$536.43$10,581.63
12$954.81$7.16$954.81$0.00$543.59$11,543.59