The calculator is able to find any of the 5 variables involved in a mortgage loan: Monthly Payment, Loan Amount, Down Payment, Interest, & Term or Number of Payments.
This script can run in 3 modes and allows the webmaster to set the default mode: Simple (basic case of loan that doesnt involve any taxes or insurance), Advanced (same as Simple with added taxes and insurance) & Complete (same as above with the addition of any fees that may be involved).
The results of the calculations are split into 3 parts, with the webmasters ability to define the default setting: Summary, Amortization & Distribution.
Our concept is to keep the design simple for both the webmaster and the visitors/users. More features to come!
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