Amortization Schedule

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

Total Payments
$5,373.12
Total Interest
$373.12
Number of Monthly Payments
12
Monthly Payment
$447.76
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$5,000.00$56.25$391.51$4,608.49$56.25$447.76
2$4,608.49$51.85$395.91$4,212.58$108.10$895.52
3$4,212.58$47.39$400.37$3,812.21$155.49$1,343.28
4$3,812.21$42.89$404.87$3,407.33$198.37$1,791.04
5$3,407.33$38.33$409.43$2,997.91$236.71$2,238.80
6$2,997.91$33.73$414.03$2,583.87$270.43$2,686.56
7$2,583.87$29.07$418.69$2,165.18$299.50$3,134.32
8$2,165.18$24.36$423.40$1,741.78$323.86$3,582.08
9$1,741.78$19.60$428.17$1,313.61$343.46$4,029.84
10$1,313.61$14.78$432.98$880.63$358.23$4,477.60
11$880.63$9.91$437.85$442.78$368.14$4,925.36
12$442.78$4.98$442.78$-0.00$373.12$5,373.12