Amortization Schedule

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

Total Payments
$12,350.59
Total Interest
$350.59
Number of Monthly Payments
12
Monthly Payment
$1,029.22
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$53.50$975.72$11,024.28$53.50$1,029.22
2$11,024.28$49.15$980.07$10,044.22$102.65$2,058.43
3$10,044.22$44.78$984.44$9,059.78$147.43$3,087.65
4$9,059.78$40.39$988.82$8,070.96$187.82$4,116.86
5$8,070.96$35.98$993.23$7,077.73$223.80$5,146.08
6$7,077.73$31.55$997.66$6,080.07$255.36$6,175.29
7$6,080.07$27.11$1,002.11$5,077.96$282.47$7,204.51
8$5,077.96$22.64$1,006.58$4,071.38$305.11$8,233.72
9$4,071.38$18.15$1,011.06$3,060.32$323.26$9,262.94
10$3,060.32$13.64$1,015.57$2,044.75$336.90$10,292.15
11$2,044.75$9.12$1,020.10$1,024.65$346.02$11,321.37
12$1,024.65$4.57$1,024.65$-0.00$350.59$12,350.59