Bank of Italy: Functions and Powers in 2026
04/05/2026 · 10 min
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Calculate your monthly mortgage or loan payment using French (fixed installment) or Italian (fixed principal) amortization. View the full amortization schedule and download it as CSV.
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With French amortization the monthly payment is always constant. With Italian amortization the principal installment is constant, so initial payments are higher but decrease over time. Overall, Italian amortization results in less total interest.
The APR (Annual Percentage Rate) is the pure interest rate applied to the loan. The EAR (Effective Annual Rate) also includes ancillary costs (insurance, setup fees, payment collection fees) and represents the true total cost of financing.
Yes, the calculation mechanism is the same. For leasing with a residual value at the end of the period, the balloon payment is not included in this calculator.