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Title Mortgage Amortization
Description Calculate mortgage info. Payment, Interest paid, Principal balance, in an amortization table
Category ASP » Math
Hits 362871
Code Select and Copy the Code
<CENTER> <% Dim P 'Payment Dim I 'Interest Dim L 'Loan Term In Years Dim J Dim N Dim M Dim H Dim C Dim Q Dim X 'Set the Conter for the Ammoritization X=0 'Hard Code Some Loan Values HERE 'Replace these with your variables 'Total of Loan Amount P=100000 'Interest Rate I=7 'Loan term in years L=30 'Calculate Monthly Interest J=I/(12 * 100) 'Length of loan in Months N=L * 12 'Now the magic..... M = P * ( J / (1 - (1 + J) ^ -N)) Response.Write "<B>Monthly Payment: " & Round(M, 2) & "</B><BR>" Response.Write "<TABLE cellSpacing=1 cellPadding=1 width=""55%"" bgColor=silver border=0>" Response.Write "<TD bgColor=#708090>Interest Paid</TD>" Response.Write "<TD bgColor=#708090>Principal Paid</TD>" Response.Write "<TD bgColor=#708090>Remaing Balance</TD></TR>" Response.Write "<TR>" 'Loop through And Get the Monthly Paymen ' ts for the length of the loan Do While X < N H=P*J Response.Write "<TD bgColor=silver>" & Round(H, 2) & "</TD>" C=M-H Response.Write "<TD bgColor=silver>" & Round(C, 2) & "</TD>" Q=P-C Response.Write "<TD bgColor=silver>" & Round(Q, 2) & "</TD></TR>" P=Q X=X+1 Loop %> </TABLE> </CENTER>

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