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Mortgage Calculator
The Mortgage Calculator is a Java Script calculator that computes the size of a monthly
payment for a given loan duration and totals interest paid. It also computes the effects
of paying extra principal.
To operate the calculator, first enter the amount borrowed, the annual interest rate,
and the duration in months. Press the Compute button to get the principal and
interest portions of a mortgage payment as well as a total of the interest to be paid
for the duration of the loan. Press the Listing button to generate the principal
and interest portions of each monthly payment.
Extra principal payments reduce the duration of the mortgage and the total interest to
be paid. Enter the value of extra principal to be paid each month; press Compute
to see the effect on duration and total interest. Listing generates a list of
the principal and interest portions of each monthly payment with extra principal included.
Invalid entries will display: NaN -- Not a Number
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Tammac Credit Services
275 Mundy Street, Suite 202
Wilkes-Barre, PA 18702
570.821.7380
800.326.9243
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