Amortization Schedule

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

Total Payments
$12,794.23
Total Interest
$794.23
Number of Monthly Payments
12
Monthly Payment
$1,066.19
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$120.00$946.19$11,053.81$120.00$1,066.19
2$11,053.81$110.54$955.65$10,098.17$230.54$2,132.37
3$10,098.17$100.98$965.20$9,132.96$331.52$3,198.56
4$9,132.96$91.33$974.86$8,158.11$422.85$4,264.74
5$8,158.11$81.58$984.60$7,173.50$504.43$5,330.93
6$7,173.50$71.74$994.45$6,179.05$576.17$6,397.11
7$6,179.05$61.79$1,004.39$5,174.66$637.96$7,463.30
8$5,174.66$51.75$1,014.44$4,160.22$689.70$8,529.48
9$4,160.22$41.60$1,024.58$3,135.64$731.30$9,595.67
10$3,135.64$31.36$1,034.83$2,100.81$762.66$10,661.85
11$2,100.81$21.01$1,045.18$1,055.63$783.67$11,728.04
12$1,055.63$10.56$1,055.63$0.00$794.23$12,794.23