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[home]Mortgage repayment guide

This is a simple JavaScript utility that gives guidance on mortgage repayments. Only simple repayment mortgages are considered - without any of the tax breaks! You may use this utility in one of two ways.

Here you may specify the amount you wish to borrow, B, the decimal interest rate, i, (i.e. an interest rate of 15% per annum would be entered as 0.15) and the desired number of years the mortgage is to last for. This results in a single number which is the necessary monthly repayment. Please type in the following data:

amount: interest: duration:

While here you can specify the amount borrowed, B, the decimal interest rate, i, and the monthly repayment, r. This results in a table showing how the debt decreases over the years. Please type in the following data:

amount: , interest: , repayment:

Either click or press 'return", and the results of the calculation will be shown below:

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