<script language="JavaScript"> <!-- function showpay() { if ((document.calc.loan.value == null || document.calc.loan.value.length == 0) || (document.calc.months.value == null || document.calc.months.value.length == 0) || (document.calc.rate.value == null || document.calc.rate.value.length == 0)) { document.calc.pay.value = "Incomplete data"; } else { var princ = document.calc.loan.value; var term = document.calc.months.value; var intr = document.calc.rate.value / 1200; document.calc.pay.value = princ * intr / (1 - (Math.pow(1/(1 + intr), term))); } // payment = principle * monthly interest/(1 - (1/(1+MonthlyInterest)*Months)) } // --> </script> The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values. <p> <center> <form name=calc method=POST> <table width=60% border=0> <tr><th bgcolor="#aaaaaa" width=50%><font color=blue>Description</font></th> <th bgcolor="#aaaaaa" width=50%><font color=blue>Data Entry</font></th></tr> <tr><td bgcolor="#eeeee">Loan Amount</td><td bgcolor="#aaeeaa" align=right><input type=text name=loan size=10></td></tr> <tr><td bgcolor="#eeeee">Loan Length in Months</td><td bgcolor="#aaeeaa" align=right><input type=text name=months size=10></td></tr> <tr><td bgcolor="#eeeee">Interest Rate</td><td bgcolor="#aaeeaa" align=right><input type=text name=rate size=10></td></tr> <tr><td bgcolor="#eeeee">Monthly Payment</td><td bgcolor="#eeaaaa" align=right><em>Calculated</em> <input type=text name=pay size=10></td></tr> <tr><td bgcolor="#aaeeaa"align=center><input type=button onClick='showpay()' value=Calculate></td><td bgcolor="#eeeeaa" align=center><input type=reset value=Reset></td></tr> </table> </form> <font size=1>Enter only numeric values (no commas), using decimal points where needed.<br> Non-numeric values will cause errors.</font> </center> <p align="center"><font face="arial" size="-2">This free script provided by</font><br> <font face="arial, helvetica" size="-2"><a href="http://javascriptkit.com">JavaScript Kit</a></font></p>