Every time when I reading newspaper or websites and come across advertisement about properties (e.g. houses or shops), I always think how much I will need to pay monthly if after I got a loan from bank. And also what if I put more down payments, what would be my monthly repayment? Will it be much different?
So I decide to write myself a simple program. It is based on fixed rate mortgage. This simple program gives me a brief idea on the monthly repayment I will need to make if I take a loan from bank. Simple key in the total property price, down payment, annual interest rate and terms of loan, then the program will calculate the monthly payment for you.
Your can put the little program at your website too. Simple get the code at Mortgage Payment Calculator.