Amortization Schedule

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

Total Payments
$15,047.66
Total Interest
$3,047.66
Number of Monthly Payments
18
Monthly Payment
$835.98
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$299.90$536.08$11,463.92$299.90$835.98
2$11,463.92$286.50$549.48$10,914.44$586.40$1,671.96
3$10,914.44$272.77$563.21$10,351.23$859.17$2,507.94
4$10,351.23$258.69$577.29$9,773.94$1,117.87$3,343.92
5$9,773.94$244.27$591.71$9,182.23$1,362.13$4,179.90
6$9,182.23$229.48$606.50$8,575.73$1,591.61$5,015.89
7$8,575.73$214.32$621.66$7,954.07$1,805.94$5,851.87
8$7,954.07$198.79$637.20$7,316.87$2,004.72$6,687.85
9$7,316.87$182.86$653.12$6,663.75$2,187.58$7,523.83
10$6,663.75$166.54$669.44$5,994.31$2,354.12$8,359.81
11$5,994.31$149.81$686.17$5,308.14$2,503.93$9,195.79
12$5,308.14$132.66$703.32$4,604.82$2,636.59$10,031.77
13$4,604.82$115.08$720.90$3,883.92$2,751.67$10,867.75
14$3,883.92$97.07$738.92$3,145.00$2,848.73$11,703.73
15$3,145.00$78.60$757.38$2,387.62$2,927.33$12,539.71
16$2,387.62$59.67$776.31$1,611.31$2,987.00$13,375.69
17$1,611.31$40.27$795.71$815.60$3,027.27$14,211.68
18$815.60$20.38$815.60$0.00$3,047.66$15,047.66