");
print("Mortgage Calculator");
print("");
print("PHP Mortgage Calculator");
print("
\n\n");
$print_footer = TRUE;
} else {
$print_footer = FALSE;
}
// Style Sheet
?>Sale Price of Home, Length of Motgage and Annual Interest Rate";
}
if (!$error) {
$month_term = $year_term * 12;
$down_payment = $sale_price * ($down_percent / 100);
$annual_interest_rate = $annual_interest_percent / 100;
$monthly_interest_rate = $annual_interest_rate / 12;
$financing_price = $sale_price - $down_payment;
$monthly_factor = get_interest_factor($year_term, $monthly_interest_rate);
$monthly_payment = $financing_price / $monthly_factor;
}
} else {
if (!$sale_price) { $sale_price = $default_sale_price; }
if (!$annual_interest_percent) { $annual_interest_percent = $default_annual_interest_percent; }
if (!$year_term) { $year_term = $default_year_term; }
if (!$down_percent) { $down_percent = $default_down_percent; }
if (!$show_progress) { $show_progress = $default_show_progress; }
}
if ($error) {
print("" . $error . "
\n");
$form_complete = false;
}
?>This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
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