Your estimated monthly payments are $1,305 and you will pay $658 in interest over the life of the loan.<img alt="chart image" src="http://host3.calcxml.com/charts/chart1777076633501105691.gif"><table class='simpletable'><tr><th>Year</th><th>Beginning Balance</th><th>Interest</th><th>Payment</th><th>Ending Balance</th></tr><tr><td>1</td><td>$15,000</td><td>$658</td><td>$15,658</td><td>$0</td></tr></table>