you can reasonable substitute it Mortgage Loan Calculator with Amortization Loan Amount: Loan Term (Years): Interest Rate (%): Monthly Payment: Amortization Schedule let amount = document.getElementById("amount"); let years = document.getElementById("years"); let rate = document.getElementById("rate"); let payment = document.getElementById("payment"); let schedule = document.getElementById("schedule"); function calculate(){ let principal = parseFloat(amount.value); let months = parseFloat(years.value) * 12; let interest = parseFloat(rate.value) / 100 / 12; // Compute monthly payment let x = Math.pow(1 + interest, months); let monthly = (principal*x*interest)/(x-1); // Check that the result is a finite number. If it is not a number or infinite, // display an alert message if (isFinite(monthly)) { // Fill the output fields, rounding to 2 decimal places payment.value = monthly.toFixed(2); // Compute the amortization table amortization(); } else { payment.value = ""; alert("Please check the values provided and try again."); } } // Amortization function amortization() { let principal = parseFloat(amount.value); let months = parseFloat(years.value) * 12; let interest = parseFloat(rate.value) / 100 / 12; let balance = principal; let amortization = []; for (let y = 0; y < years.value; y++) { let interestY = 0; let principalY = 0; for (let m = 0; m < 12; m++) { let interestM = balance * interest; let principalM = monthly - interestM; interestY = interestY + interestM; principalY = principalY + principalM; balance = balance - principalM; } amortization.push({principalY, interestY}); } // Create the amortization table let html = ""; html = html + "<table>"; html = html + "<tr><th>Year</th><th>Principal</th><th>Interest</th></tr>"; for (let y = 0; y < years; y++) { html = html + "<tr>"; html = html + "<td>" + (y + 1) + "</td>"; html = html + "<td>" + amortization[y].principalY.toFixed(2) + "</td>"; html = html + "<td>" + amortization[y].interestY.toFixed(2) + "</td>"; html = html + "</tr>"; } html = html + "</table>" schedule.innerHTML = html; } window.onload = function() { calculate(); }; Budgeting for Your Home: Mortgage Loan Calculators with Amortization Buying a home is among the biggest investments you can make in your lifetime. It’s important to be sure that you’re budgeting properly so you don’t find yourself in a sticky financial situation. Many people search for mortgage lenders, learn about different loan options, and determine how much home they can afford. One way to do this is by using mortgage loan calculators with amortization built in, which can provide you with an idea of what your estimated mortgage payment might be over the life of your loan. What is Amortization? Amortization is the process of gradually reducing your loan balance over time as you pay installments of interest and principal. Your loan payments are broken into two parts, principal and interest. Each month you will pay a portion of your loan balance, as well as interest on the remaining loan balance. Depending on how you structure your loan, and the amortization period of the loan, you may pay different amounts of principal and interest each month. How Do Mortgage Loan Calculators Work? Mortgage loan calculators are simple tools that allow you to calculate what your monthly payments may look like, based on the amount of the loan, the interest rate, and the amortization period. Once you input this information, the calculator can give you an estimated payment amount each month. This can help you determine if the monthly payments are within your budget. To get the most accurate estimate, make sure to use mortgage loan calculators with amortization. Factors to Consider When Using Mortgage Loan Calculators When you’re looking to purchase a home, there are several factors to consider when using mortgage loan calculators with amortization. First, it’s important to consider the loan amount you can afford. Make sure that the amount of the loan is within a range that you can comfortably repay. It’s also important to factor in your down payment, closing costs, and out-of-pocket expenses. In addition to loan amount consider the mortgage loan calculators with amortization so you can estimate what your monthly payments may look like. Interest rates can also vary widely, so make sure to get rate quotes from multiple lenders to compare and get a better sense of what you may qualify for. You should also take into account the length of the loan, or the amortization period. Generally speaking, the longer the amortization period, the lower your monthly payments will be. However, you will pay more interest over the life of the loan. Using Mortgage Loan Calculators to Make an Educated Decision When you're ready to make a major purchase such as a home, you need to be sure you're making an educated decision. Knowing what your estimated monthly payment may look like is a great way to start. Mortgage loan calculators with amortization can provide helpful insight into planning for a major investment like a home. With the right information and diligent budgeting, you’ll be in a position to make an informed decision.