12 June 2010

Housing Loan Calculator.

As posted here.

I've sourced all over the net for all kinds of various coding and java scripts - and finally came across one that allows me to come up with this - the Loan Calculator. I have tested it out on various combinations and so on - I think it should be reasonably accurate enough.

Test it out - I think you'll like it.

I'm currently working on one that works backwards - means you input in your salary/income - and the formula comes up with the price of the property that you can afford. Right now, just input the price of the property first - as long as your monthly payment is less than one-thirds of your salary - very likely your loan will be approved.


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