Simple mortgage calculator
% 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
Platform Compatibility
Windows macOS LinuxCategories
- Computational Finance > Financial Toolbox >
- Computational Finance > Financial Instruments Toolbox > Price Instruments Using Functions > Mortgage-Backed Securities >
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Version | Published | Release Notes | |
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1.0.0.0 |