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Financial Calculators
Amortization Schedule for equal loan payments
This type of amortization is common for most mortgages, auto loans and typical loans. Over the life of the loan, payments remain constant (equal installments) while the principal portion increases and the interest portion decreases.
Amortization Schedule for equal principal payments
This type of amortization is an alternative type of payment structure. Over the life of the loan, payments decrease (decreasing installments), the principal portion remains constant and the interest portion decreases.
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