Loan Comparison Calculator





Below you will find a valuable resource for comparing loans that you may have looked in to, as well as a resource to tell you how much you need to save to attain a certain goal (amount of money). As long as you know the APR and the principal balance you would like to balance against, you can figure out which loan will be the better deal for you in the end..

{

if ((form.payments.value == null || form.payments.value.length == 0) ||

(form.interest.value == null || form.interest.value.length == 0) ||

(form.principal.value == null || form.principal.value.length == 0)) {

return;

}

if (!checkNumber(form.payments, 1, 480, "# of payments") ||

!checkNumber(form.interest, .001, 99, "Interest") ||

!checkNumber(form.principal, 100, 10000000, "Principal")) {

form.payment.value = "Invalid";

return;

}

var i = form.interest.value;

if (i > 1.0) {

i = i / 100.0;

form.interest.value = i;

}

i /= 12;

var pow = 1;

for (var j = 0; j < form.payments.value; j++)

pow = pow * (1 + i);

form.payment.value = (form.principal.value * pow * i) / (pow - 1);

form.totalint.value = (form.payment.value * form.payments.value) - form.principal.value

}

function clearForm(form)

{

form.payments.value = "";

form.interest.value = "";

form.principal.value = "";

}

Loan Comparison Calculator
This calculator will help you to compare the total interest charges of four different loans.

Instructions: To calculate the payment amount and the total
interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and
then click on "compute." Use the other three rows to see what effects are
produced by changing any one of the loan's original variables.

# of
Payments
Interest
Rate
Principal Monthly
payment
Total
Interest
Copyright © 1997-2006 Web Winder Site Traffic Magnets. All rights reserved.


Share and Enjoy:
  • blogmarks
  • del.icio.us
  • Fark
  • NewsVine
  • Wists
  • Digg
  • Facebook
  • Google Bookmarks
  • LinkedIn
  • MySpace
  • Sphinn
  • Technorati
  • TwitThis
  • Yahoo! Buzz

Share your thoughts, leave a comment!

You must be logged in to post a comment.