Amortization Schedule

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

Total Payments
$18,608.78
Total Interest
$3,608.78
Number of Monthly Payments
48
Monthly Payment
$387.68
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$15,000.00$137.50$250.18$14,749.82$137.50$387.68
2$14,749.82$135.21$252.48$14,497.34$272.71$775.37
3$14,497.34$132.89$254.79$14,242.55$405.60$1,163.05
4$14,242.55$130.56$257.13$13,985.42$536.16$1,550.73
5$13,985.42$128.20$259.48$13,725.94$664.36$1,938.41
6$13,725.94$125.82$261.86$13,464.08$790.18$2,326.10
7$13,464.08$123.42$264.26$13,199.82$913.60$2,713.78
8$13,199.82$121.00$266.68$12,933.13$1,034.60$3,101.46
9$12,933.13$118.55$269.13$12,664.00$1,153.15$3,489.15
10$12,664.00$116.09$271.60$12,392.41$1,269.24$3,876.83
11$12,392.41$113.60$274.09$12,118.32$1,382.83$4,264.51
12$12,118.32$111.08$276.60$11,841.72$1,493.92$4,652.19
13$11,841.72$108.55$279.13$11,562.59$1,602.47$5,039.88
14$11,562.59$105.99$281.69$11,280.90$1,708.46$5,427.56
15$11,280.90$103.41$284.27$10,996.62$1,811.87$5,815.24
16$10,996.62$100.80$286.88$10,709.74$1,912.67$6,202.93
17$10,709.74$98.17$289.51$10,420.23$2,010.84$6,590.61
18$10,420.23$95.52$292.16$10,128.07$2,106.36$6,978.29
19$10,128.07$92.84$294.84$9,833.23$2,199.20$7,365.97
20$9,833.23$90.14$297.54$9,535.68$2,289.34$7,753.66
21$9,535.68$87.41$300.27$9,235.41$2,376.75$8,141.34
22$9,235.41$84.66$303.02$8,932.38$2,461.41$8,529.02
23$8,932.38$81.88$305.80$8,626.58$2,543.29$8,916.71
24$8,626.58$79.08$308.61$8,317.98$2,622.36$9,304.39
25$8,317.98$76.25$311.43$8,006.54$2,698.61$9,692.07
26$8,006.54$73.39$314.29$7,692.25$2,772.00$10,079.75
27$7,692.25$70.51$317.17$7,375.08$2,842.52$10,467.44
28$7,375.08$67.60$320.08$7,055.00$2,910.12$10,855.12
29$7,055.00$64.67$323.01$6,731.99$2,974.79$11,242.80
30$6,731.99$61.71$325.97$6,406.02$3,036.50$11,630.49
31$6,406.02$58.72$328.96$6,077.06$3,095.22$12,018.17
32$6,077.06$55.71$331.98$5,745.08$3,150.93$12,405.85
33$5,745.08$52.66$335.02$5,410.06$3,203.59$12,793.53
34$5,410.06$49.59$338.09$5,071.97$3,253.19$13,181.22
35$5,071.97$46.49$341.19$4,730.78$3,299.68$13,568.90
36$4,730.78$43.37$344.32$4,386.46$3,343.04$13,956.58
37$4,386.46$40.21$347.47$4,038.99$3,383.25$14,344.27
38$4,038.99$37.02$350.66$3,688.33$3,420.28$14,731.95
39$3,688.33$33.81$353.87$3,334.46$3,454.09$15,119.63
40$3,334.46$30.57$357.12$2,977.34$3,484.65$15,507.31
41$2,977.34$27.29$360.39$2,616.95$3,511.95$15,895.00
42$2,616.95$23.99$363.69$2,253.26$3,535.93$16,282.68
43$2,253.26$20.65$367.03$1,886.23$3,556.59$16,670.36
44$1,886.23$17.29$370.39$1,515.83$3,573.88$17,058.04
45$1,515.83$13.90$373.79$1,142.05$3,587.78$17,445.73
46$1,142.05$10.47$377.21$764.83$3,598.24$17,833.41
47$764.83$7.01$380.67$384.16$3,605.25$18,221.09
48$384.16$3.52$384.16$0.00$3,608.78$18,608.78