Amortization Schedule

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

Total Payments
$13,272.68
Total Interest
$1,272.68
Number of Monthly Payments
18
Monthly Payment
$737.37
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$130.00$607.37$11,392.63$130.00$737.37
2$11,392.63$123.42$613.95$10,778.68$253.42$1,474.74
3$10,778.68$116.77$620.60$10,158.08$370.19$2,212.11
4$10,158.08$110.05$627.33$9,530.75$480.23$2,949.48
5$9,530.75$103.25$634.12$8,896.63$583.48$3,686.86
6$8,896.63$96.38$640.99$8,255.64$679.86$4,424.23
7$8,255.64$89.44$647.94$7,607.70$769.30$5,161.60
8$7,607.70$82.42$654.95$6,952.75$851.72$5,898.97
9$6,952.75$75.32$662.05$6,290.70$927.04$6,636.34
10$6,290.70$68.15$669.22$5,621.48$995.19$7,373.71
11$5,621.48$60.90$676.47$4,945.01$1,056.09$8,111.08
12$4,945.01$53.57$683.80$4,261.21$1,109.66$8,848.45
13$4,261.21$46.16$691.21$3,570.00$1,155.82$9,585.82
14$3,570.00$38.67$698.70$2,871.30$1,194.50$10,323.20
15$2,871.30$31.11$706.27$2,165.04$1,225.60$11,060.57
16$2,165.04$23.45$713.92$1,451.12$1,249.06$11,797.94
17$1,451.12$15.72$721.65$729.47$1,264.78$12,535.31
18$729.47$7.90$729.47$-0.00$1,272.68$13,272.68