Amortization Schedule

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

Total Payments
$11,533.94
Total Interest
$233.94
Number of Monthly Payments
12
Monthly Payment
$961.16
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$11,300.00$35.78$925.38$10,374.62$35.78$961.16
2$10,374.62$32.85$928.31$9,446.31$68.64$1,922.32
3$9,446.31$29.91$931.25$8,515.06$98.55$2,883.48
4$8,515.06$26.96$934.20$7,580.87$125.51$3,844.65
5$7,580.87$24.01$937.16$6,643.71$149.52$4,805.81
6$6,643.71$21.04$940.12$5,703.59$170.56$5,766.97
7$5,703.59$18.06$943.10$4,760.49$188.62$6,728.13
8$4,760.49$15.07$946.09$3,814.40$203.69$7,689.29
9$3,814.40$12.08$949.08$2,865.32$215.77$8,650.45
10$2,865.32$9.07$952.09$1,913.23$224.85$9,611.62
11$1,913.23$6.06$955.10$958.13$230.91$10,572.78
12$958.13$3.03$958.13$0.00$233.94$11,533.94