Amortization Schedule

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

Total Payments
$12,494.74
Total Interest
$494.74
Number of Monthly Payments
6
Monthly Payment
$2,082.46
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$140.00$1,942.46$10,057.54$140.00$2,082.46
2$10,057.54$117.34$1,965.12$8,092.43$257.34$4,164.91
3$8,092.43$94.41$1,988.04$6,104.38$351.75$6,247.37
4$6,104.38$71.22$2,011.24$4,093.14$422.97$8,329.82
5$4,093.14$47.75$2,034.70$2,058.44$470.72$10,412.28
6$2,058.44$24.02$2,058.44$0.00$494.74$12,494.74