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Monthly Repayment for Housing Loan

July 6, 2009 01:23 by Sze Hau Leave a Comment

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.

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Filed Under: internet, programming, project Tagged With: investment, loan, property

About Sze Hau

Geek. Love programming. Coffee addicted. Married with a child. Working towards financial freedom.

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szehau’s weblog

szehau is a software programmer that has strong interest in the world of programming and Internet. He is graduated in University of Malaya, Malaysia with a Bachelor’s degree in Software Engineering. He draws on his passsion for web programming to share with others how to build a successful websites.

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