Amortization Schedule

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

Total Payments
$18,616.01
Total Interest
$6,616.01
Number of Monthly Payments
12
Monthly Payment
$1,551.33
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$12,000.00$900.00$651.33$11,348.67$900.00$1,551.33
2$11,348.67$851.15$700.18$10,648.48$1,751.15$3,102.67
3$10,648.48$798.64$752.70$9,895.78$2,549.79$4,654.00
4$9,895.78$742.18$809.15$9,086.63$3,291.97$6,205.34
5$9,086.63$681.50$869.84$8,216.80$3,973.47$7,756.67
6$8,216.80$616.26$935.07$7,281.72$4,589.73$9,308.00
7$7,281.72$546.13$1,005.20$6,276.52$5,135.86$10,859.34
8$6,276.52$470.74$1,080.60$5,195.92$5,606.60$12,410.67
9$5,195.92$389.69$1,161.64$4,034.28$5,996.29$13,962.01
10$4,034.28$302.57$1,248.76$2,785.52$6,298.86$15,513.34
11$2,785.52$208.91$1,342.42$1,443.10$6,507.78$17,064.67
12$1,443.10$108.23$1,443.10$-0.00$6,616.01$18,616.01