Amortization Schedule

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

Total Payments
$12,566.32
Total Interest
$566.32
Number of Monthly Payments
12
Monthly Payment
$1,047.19
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$86.00$961.19$11,038.81$86.00$1,047.19
2$11,038.81$79.11$968.08$10,070.73$165.11$2,094.39
3$10,070.73$72.17$975.02$9,095.71$237.28$3,141.58
4$9,095.71$65.19$982.01$8,113.70$302.47$4,188.77
5$8,113.70$58.15$989.04$7,124.65$360.62$5,235.97
6$7,124.65$51.06$996.13$6,128.52$411.68$6,283.16
7$6,128.52$43.92$1,003.27$5,125.25$455.60$7,330.35
8$5,125.25$36.73$1,010.46$4,114.79$492.33$8,377.55
9$4,114.79$29.49$1,017.70$3,097.08$521.82$9,424.74
10$3,097.08$22.20$1,025.00$2,072.08$544.02$10,471.93
11$2,072.08$14.85$1,032.34$1,039.74$558.87$11,519.12
12$1,039.74$7.45$1,039.74$0.00$566.32$12,566.32