Simple mortgage calculator

A simple mortgage calculator that will output the monthly payment, the remaining balance, and so on.
900 Downloads
Updated 31 Aug 2012

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% Computer mortgage payment and the respective interest paid each month
%
% Inputs
% L: size of the loan
% rate: annual rate
% years: length of loan in years
%
% Outputs
% P: monthly payment
% In: list of interests paid over the entire loan period
% Ba: Remaining balane over the entire loan period

% please run mortgage_example for detail
% below is an excerpt.

years=20;
annual_rate=0.04; % 4% annual rate
house_value=150000;
downpayment=0.25; % 25% down

loan_size=house_value*(1-downpayment);

[P,In,Ba]=compute_mortgage(loan_size,annual_rate,years);

Cite As

Samuel Cheng (2024). Simple mortgage calculator (https://www.mathworks.com/matlabcentral/fileexchange/37968-simple-mortgage-calculator), MATLAB Central File Exchange. Retrieved .

MATLAB Release Compatibility
Created with R2011a
Compatible with any release
Platform Compatibility
Windows macOS Linux
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Version Published Release Notes
1.0.0.0