Mortgages
Mortgages information
What software is great for building simple online programs, like calculators for mortgages, etc? ?
How do I give a user 3 choices of mortgages names to choose from using the Joptionpane, and if statements.?
PLease give example. Using a Java code
Visual Basic Mortgage Calculation.?
Hey guys Just started with programming in college and I think its fair to say i am hopeless at it I have a project for a mortgage calculation and i dont even know where to start. This is the assignment.For First time buyers, the rules for mortgage calculation are as follows The applicant may borrow up to three times their gross annual earnings. In joint applications, the applicants may borrow as follows Total amount 3 larger salary 2 lesser salary .MortgageSuperstore.com will also allow the borrower s to borrow against any savings bank or credit union account, value of stocks shares that the applicants may have.The applicant s are not allowed to borrow in excess of 90 % of the purchase value of the property including stamp duty and legal fees .Finally the length of term of the mortgage must be provided 15, 20, 25, 30 or 35 years . NB 30 and 35 year mortgages are only available if the applicant s is under 30 years of age. Table 2 shows the information that must be provided.Table 2 First Time Buyer InfoNecessary Information Salary Applicant Number 1Salary Applicant Number 2Purchase Price of PropertyStamp Duty if applicable Legal Fees Savings Bank Other InvestmentsMortgage TermAnd this is as far as i can get 'Declaring the variablesDim dblSalary1 As DoubleDim dblSalary2 As DoubleDim dblPurchasePrice As DoubleDim dblStampDuty As DoubleDim dblLegalFees As DoubleDim dblSavings As DoubleDim dblInvestments As Double'Convert imput values to numeric values.dblSalary1 Val txtSalary1.Text dblSalary2 Val txtSalary2.Text dblPurchasePrice Val txtPurchasePrice.Text dblStampDuty Val txtStampDuty.Text dblLegalFees Val txtLegalFees.Text dblSavings Val txtSavings.Text dblInvestments Val txtInvestments.Text 'Format input values.txtPurchasePrice.Text FormatCurrency dblPurchasePrice txtStampDuty.Text FormatPercent dblStampDuty Wonder if anyone could help me with the calculations or even point me in the right direction? I really don't even know where to start, we've only been programming for 2 weeks
Java Mortgage calculator help.?
Can someone help me flesh out the details of this? I need to make a mortgage calculator in java does the followingThe user will be asked to enter to the amount of the mortgage loan, the term in years of the mortgage, and an annual interest rate. The amount of the mortgage loan shall be greater than 0 and not exceed 10,000,000 dollars. The minimum term for the loan is five years, with a maximum of 30 years. In addition to the user being able to supply the mortgage information the application will display three of the most commonly used mortgages and the user shall be able to select these mortgages instead of supplying the mortgage information. Once the user has provided the mortgage information, the program shall calculate the monthly mortgage payment and the amortization table for the life of the mortgage. For each month the amortization table shall display the loan period, loan balance, principal balance, interest balance, principal paid and interest paid.Here is mortgage payment formula.PMT PV x IR 1 1 IR NP Where PMT Monthly PaymentPV Principle Value amount of loan IR Interest Rate, by monthNP Note Period, or mortgage term in monthsIR apr 100 12NP term 12if Apr > 0 AND APR < 100 thenPMT Principal IR 1 1 IR np else if Apr 0PMT Principal NPend ifI need help I am not so good with Java. As long as i get the calculator part of this done i think i can handle the rest.
Mortgage Calculation On Visual Basic..?
hey guys, started learning visual basic in college only a few weeks ago and i'm stuck on a part of a project. We are to design a program for a person working over the telephone taking peoples details and calculating the mortgage, but we've never been shown how to do any calculations. Im really stuck and have no idea where to go from where I am. The calculations to be done are below For First time buyers, the rules for mortgage calculation are as follows The applicant may borrow up to three times their gross annual earnings. In joint applications, the applicants may borrow as follows Total amount 3 larger salary 2 lesser salary . MortgageSuperstore.com will also allow the borrower s to borrow against any savings bank or credit union account, value of stocks shares that the applicants may have.The applicant s are not allowed to borrow in excess of 90 % of the purchase value of the property including stamp duty and legal fees . Finally the length of term of the mortgage must be provided 15, 20, 25, 30 or 35 years . NB 30 and 35 year mortgages are only available if the applicant s is under 30 years of age. Table 2 shows the information that must be provided.Table 2 First Time Buyer InfoNecessary Information Salary Applicant Number 1Salary Applicant Number 2Purchase Price of PropertyStamp Duty if applicable Legal Fees Savings Bank Other Investments Mortgage Term daft.ie content stampduty.daft citizensinformation.ie en housing owning a home buying a home costs of buying a home.htmlOnce the mortgage amount has been calculated, Approval In Principle is granted subsequent to receipt of relevant documentation tax returns, wage slips etc. . The applicant must then choose the type of mortgage that they want see Table 3 .Table 3 Mortgage OptionsMortgage Type %CommentOne Year Fixed4.9Rolling to variable after one yearFive Year Fixed5.79Rolling to variable after five yearsTen Year Fixed6.3Rolling to variable after ten yearsVariable4.5Fluctuates based on ECB lending rate Tracker2.75Only available to investors and where LTV < 60 %Once the user has selected the type of mortgage they want, the interest must be compounded over the life of the mortgage, the total interest calculated, added to the principle and divided by the total number of payments to calculate the monthly mortgage repayment e.g. a total mortgage value inc. interest of 360,000 over 30 years 360000 12 30 > 360000 360 > a monthly repayment of 1000 .NB MortgageSuperstore.com first time buyers are allowed if they wish to take a yearly month s holiday from repayments e.g. at Christmas. Customers taking this option, thus, make only 11 payments in the year.Im not asking for anything major just if ye could help point me in the right direction with some bit of the calculations that'd be great Thanks guys.
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