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# simple mortgage calculator

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 Submitted on: 9/11/2012 1:30:06 PM By: Joshua Conklin Level: Beginner User Rating: Unrated Compatibility: C# Views: 1207

basic mortgage calculator.. i was assigned this in class. the instructor helped me with the annuity equation. i cant take full credit. but thought i would share.

code:
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 Terms of Agreement:    By using this code, you agree to the following terms...    You may use this code in your own programs (and may compile it into a program and distribute it in compiled format for languages that allow it) freely and with no charge. You MAY NOT redistribute this code (for example to a web site) without written permission from the original author. Failure to do so is a violation of copyright laws.    You may link to this code from another website, but ONLY if it is not wrapped in a frame.  You will abide by any additional copyright restrictions which the author may have placed in the code or code's description. ``` //************************************** // Name: simple mortgage calculator // Description:basic mortgage calculator.. i was assigned this in class. the instructor helped me with the annuity equation. i cant take full credit. but thought i would share. // By: Joshua Conklin // //This code is copyrighted and has// limited warranties.Please see http://www.Planet-Source-Code.com/vb/scripts/ShowCode.asp?txtCodeId=8845&lngWId=10//for details.//************************************** using System; using System.Collections.Generic; using System.Linq; using System.Text; namespace mortgage { class Program { static void Main(string[] args) { double annuity; double months; Console.WriteLine("Enter monthly interest rate:"); double rate = Convert.ToDouble(Console.ReadLine()); Console.WriteLine("Enter number of years:"); double years = Convert.ToDouble(Console.ReadLine()); Console.WriteLine("Enter amount for monthly payment:"); double monthlypayment = Convert.ToDouble(Console.ReadLine()); Console.WriteLine("Enter loan amount:"); double loanamount = Convert.ToDouble(Console.ReadLine()); months = years * 12; rate/=1200; annuity=(1-Math.Pow((1+rate),-months)) / rate; if (monthlypayment == 0) { monthlypayment = loanamount / annuity; } if (loanamount == 0) { loanamount = monthlypayment * annuity; } Console.WriteLine("Interest: " + rate); Console.WriteLine("Years: " + years); Console.WriteLine("Payments: " + monthlypayment); Console.WriteLine("Loan size: " + loanamount); Console.ReadLine(); } } } ```

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