amortizationClassic tool
Simplified Amortization Calculator
Compare Price and constant amortization with focus on payment shape and total interest.
This calculator summarizes two common loan structures: Price and constant amortization. Enter the financed amount, annual interest rate and term in months to compare first payment, last payment, average payment and total interest.
It is useful as a first-pass estimate before deeper planning or before reviewing a detailed financing proposal.
Use clear inputs to get a more useful result.