Membership name

It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more.

<!DOCTYPE html>
<html>
<head>
    <title>Mortgage Amortization Calculator</title>
</head>
<body>
    <h1>Mortgage Amortization Calculator</h1>
    <form>
        <label>Loan Amount:</label>
        <input type="number" id="loanAmount" />
        <br />
        <label>Interest Rate:</label>
        <input type="number" id="interestRate" />
        <br />
        <label>Loan Term (in years):</label>
        <input type="number" id="loanTerm" />
        <br />
        <input type="button" value="Calculate" onclick="calculateMortgage()" />
    </form>
    <br />
    <h2>Amortization Schedule:</h2>
    <table id="amortizationSchedule">
        <tr>
            <th>Payment #</th>
            <th>Principal</th>
            <th>Interest</th>
            <th>Total Interest Paid</th>
            <th>Balance</th>
        </tr>
    </table>
    <script>
        function calculateMortgage() {
            // Get user inputs
            var loanAmount = document.getElementById('loanAmount').value;
            var interestRate = document.getElementById('interestRate').value / 100 / 12;
            var loanTerm = document.getElementById('loanTerm').value * 12;

            // Calculate monthly payment
            var monthlyPayment = loanAmount * interestRate / (1 - Math.pow(1 / (1 + interestRate), loanTerm));

            // Create amortization schedule
            var amortizationSchedule = document.getElementById('amortizationSchedule');
            var totalInterestPaid = 0;
            var balance = loanAmount;
            for (var i = 1; i <= loanTerm; i++) {
                // Calculate interest and principal for this payment
                var interest = balance * interestRate;
                var principal = monthlyPayment - interest;
                totalInterestPaid += interest;
                balance -= principal;

                // Add row to amortization schedule
                var row = amortizationSchedule.insertRow(-1);
                var cell1 = row.insertCell(0);
                var cell2 = row.insertCell(1);
                var cell3 = row.insertCell(2);
                var cell4 = row.insertCell(3);
                var cell5 = row.insertCell(4);
                cell1.innerHTML = i;
                cell2.innerHTML = principal.toFixed(2);
                cell3.innerHTML = interest.toFixed(2);
                cell4.innerHTML = totalInterestPaid.toFixed(2);
                cell5.innerHTML = balance.toFixed(2);
            }
        }
    </script>
</body>
</html>

Member benefits

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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world.