Mortgage Amortization Calculator

GUI for calculating mortgage amortization table, with the option for making extra payments.

Description

Calculates amortization schedule for mortgage with monthly payments, based on principal, interest rate, and duration.

KEY FEATURE that is unique to this program: extra payments to principal can be added, either as one-off or recurring payments. The amortization table is recalculated, including the new duration of the loan and how much interest is saved.

Amortization schedules can be exported to Excel.

Let me know if you have any difficulties, suggestions, etc.

• MATLAB release: MATLAB 7.10 (R2010a)

[Brandon Armstrong]

Very nice. I really like the extra payment option. I'd also like to see monthly versus bi-weekly payment options.