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Mortgage Calculator in JavaScript

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Submitted on: 11/12/2015 1:20:51 PM
By: Jake R. Pomperada  
Level: Beginner
User Rating: Unrated
Compatibility: JavaScript
Views: 1816
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     In this article I would like to share with you a simple program that I wrote using JavaScript to compute for the mortgage loan of the person. This program is very simple and easy to understand. I hope this program is very useful in your study how to program in JavaScript. If you have some questions please send me an email at jake.r.pomperada@gmail.com and jakerpomperada@yahoo.com. My mobile number here in the Philippines is 09173084360.

 
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'**************************************
' Name: Mortgage Calculator in JavaScript
' Description:In this article I would like to share with you a simple program that I wrote using JavaScript to compute for the mortgage loan of the person. This program is very simple and easy to understand. I hope this program is very useful in your study how to program in JavaScript.
If you have some questions please send me an email at jake.r.pomperada@gmail.com and jakerpomperada@yahoo.com. My mobile number here in the Philippines is 09173084360.
' By: Jake R. Pomperada
'**************************************

<html>
 <head>
<title>
	 Mortgage Calculator
	 </title>
 </head>
<style>
h3 {
	 font-family:arial;
	 }
	</style> 
 <body>
 <h3> Mortgage Calculator </h3>
 <script>
 // This is a basic mortgage calculator. It calculates your monthy payment.
 
 var principal_amt = parseFloat(prompt("Enter Principal Amount : "));
 var rate = parseFloat(prompt("Enter Yearly Interest Rate : "));
 hold_rate=rate;
 rate = rate/100/12;
 
 var terms = Number(prompt("Enter Term (years): "));
 var hold_terms = terms;
 
 terms = terms * 12;
 
 var amt_solve = (principal_amt * rate) / (1-Math.pow(1+rate, -terms));
 var payment_results = amt_solve.toFixed(2);
 
 document.write("<font face='arial' size='4'> ");
 document.write("Principal Amount Loaned: Php " + principal_amt + "</font><br>");
 document.write("<font face='arial' size='4'> ");
 document.write("Yearly Interest Rate : " + hold_rate.toFixed(2) + "</font><br>");
 document.write("<font face='arial' size='4'> ");
 document.write("Terms of Payments (Years) : " + hold_terms + "</font><br>");
 document.write("<font face='arial' size='4'> ");
 document.write("Amount to be Paid Monthly : Php " + payment_results +".</font>");
 </script>
 </body>
 </html>


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