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The Amortizer is our FREE loan calculator that you can download and use without charge. Thousands of people have downloaded it, and now you can too!

The Amortizer is a simple loan calculator with a twist. It was developed by QuantechSoftware.Com Inc. to be used in commercial loan calculations for heavy equipment dealers. The special loan repayment options needed in this industry were such that none of the existing calculators were flexible enough to be used effectively.

Irregular Payment Options
The Amortizer calculator allows for irregular payment streams. Any number of payments can be skipped, any number of payments can be a fixed amount or it can be a mix of both. A simple interface makes this calculator very easy to use. The database will let you save and review all your loans.

DISCLAIMER
It is your responsibility to verify the results obtained from use of the Software.

THE SOFTWARE AND RELATED MATERIALS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OR ANY OTHER STATUTORY OR COMMON LAW WARRANTIES. NO WARRANTY IS MADE REGARDING THE PERFORMANCE OF THE SOFTWARE OR THE RESULTS THAT MAY BE OBTAINED BY USING THE SOFTWARE. THE ENTIRE RISK AS TO THE INSTALLATION, USE, QUALITY, AND PERFORMANCE OF THE SOFTWARE IS WITH YOU. IN NO EVENT WILL QUANTECHSOFTWARE.COM INC. BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING BUT NOT LIMITED TO LOST REVENUES, DATA, PROFITS OR SAVINGS) ARISING OUT OF YOUR USE OR INABILITY TO USE THE SOFTWARE EVEN IF QUANTECH HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Downloading
Click this DOWNLOAD link or the graphic below and follow the on-screen instructions.

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How To Use Quantech Amortizer

How to Start
To calculate a loan, click on New Loan and give it a name. Enter the:

Loan Amount
Term in Months
Annual Interest Rate.

When your values are all set click the Calculate button.

Monthly, Quarterly, Biannual and Annual loans can be calculated by selecting the approptiate item from the Calculation Type drop-down menu then clicking the Calculate button. This removes payments where they are not relevant.

Compounding Period
Choose the Compounding Period that reflects the loan type. For example, most loans normally compound monthly. Note that changing the compounding period does not change the payment frequency.

Payment Frequency
Payment frequency is always based on monthly payments. It is set in the Calculation Type drop-down menu where it can be changed to Monthly, Quarterly, Biannually, or Annually

For example, set the Calculation Type to Quarterly then click the Calculate button. The effect will be that the first two of every three monthly payments will be skipped.

After the Calculate button is clicked and the calculation is complete the Calculation Type is automatically reset to Refresh. Whenever the Calculate button is clicked with the Calculation Type set to Refresh any skips or fixed payments are included in the recalculation.

Setting the Loan Period
Monthly, Quarterly, Semi Annual and Annual loans can be calculated by clicking the corresponding buttons. This has the effect of removing the monthly payments where they are not relevant.

Skipping Payments
To skip a monthly payment click on the checkbox next to the date.

Adding Fixed Payments
To make a fixed payment enter its amount in the Fixed pmt. column.

Always click on the Calculate button with the Calculation Type set to Refresh to recalculate a new payment stream after changing anything.

We hope you find this program useful and please do not hesitate to send us your comments at: info(at)quantechsoftware(dot)com. (Note: We format that e-mail address this way to block spammers. Replace (at) with @ and (dot) with a period.)

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