Amortization Schedule

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

Total Payments
$12,760.57
Total Interest
$760.57
Number of Monthly Payments
12
Monthly Payment
$1,063.38
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$115.00$948.38$11,051.62$115.00$1,063.38
2$11,051.62$105.91$957.47$10,094.15$220.91$2,126.76
3$10,094.15$96.74$966.65$9,127.51$317.65$3,190.14
4$9,127.51$87.47$975.91$8,151.60$405.12$4,253.52
5$8,151.60$78.12$985.26$7,166.34$483.24$5,316.90
6$7,166.34$68.68$994.70$6,171.63$551.92$6,380.28
7$6,171.63$59.14$1,004.24$5,167.40$611.06$7,443.66
8$5,167.40$49.52$1,013.86$4,153.54$660.58$8,507.05
9$4,153.54$39.80$1,023.58$3,129.96$700.39$9,570.43
10$3,129.96$30.00$1,033.39$2,096.58$730.38$10,633.81
11$2,096.58$20.09$1,043.29$1,053.29$750.47$11,697.19
12$1,053.29$10.09$1,053.29$-0.00$760.57$12,760.57