Amortization Schedule

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

Total Payments
$12,593.21
Total Interest
$593.21
Number of Monthly Payments
14
Monthly Payment
$899.52
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$78.00$821.52$11,178.48$78.00$899.52
2$11,178.48$72.66$826.85$10,351.63$150.66$1,799.03
3$10,351.63$67.29$832.23$9,519.40$217.95$2,698.55
4$9,519.40$61.88$837.64$8,681.76$279.82$3,598.06
5$8,681.76$56.43$843.08$7,838.68$336.25$4,497.58
6$7,838.68$50.95$848.56$6,990.11$387.20$5,397.09
7$6,990.11$45.44$854.08$6,136.03$432.64$6,296.61
8$6,136.03$39.88$859.63$5,276.40$472.52$7,196.12
9$5,276.40$34.30$865.22$4,411.19$506.82$8,095.64
10$4,411.19$28.67$870.84$3,540.34$535.49$8,995.15
11$3,540.34$23.01$876.50$2,663.84$558.51$9,894.67
12$2,663.84$17.31$882.20$1,781.64$575.82$10,794.18
13$1,781.64$11.58$887.93$893.71$587.40$11,693.70
14$893.71$5.81$893.71$-0.00$593.21$12,593.21