Amortization Schedule

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

Total Payments
$11,574.22
Total Interest
$574.22
Number of Monthly Payments
12
Monthly Payment
$964.52
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,000.00$87.08$877.44$10,122.56$87.08$964.52
2$10,122.56$80.14$884.38$9,238.18$167.22$1,929.04
3$9,238.18$73.14$891.38$8,346.80$240.36$2,893.56
4$8,346.80$66.08$898.44$7,448.36$306.43$3,858.07
5$7,448.36$58.97$905.55$6,542.81$365.40$4,822.59
6$6,542.81$51.80$912.72$5,630.09$417.20$5,787.11
7$5,630.09$44.57$919.95$4,710.14$461.77$6,751.63
8$4,710.14$37.29$927.23$3,782.91$499.06$7,716.15
9$3,782.91$29.95$934.57$2,848.34$529.01$8,680.67
10$2,848.34$22.55$941.97$1,906.37$551.56$9,645.19
11$1,906.37$15.09$949.43$956.94$566.65$10,609.70
12$956.94$7.58$956.94$-0.00$574.22$11,574.22