krsreenatha / php-mortgage-calculator

PHP Mortgage Calculator

Calculates monthly repayment and monthly interest-only costs for a mortgage.

Example

require_once 'vendor/autoload.php';
$calculator = new CentralApps\MortgageCalculator\Calculator();
$calculator->setAmountBorrowed( 125000 );
$calculator->setInterestRate( 6 );
$calculator->setYears( 25 );
echo 'Monthly repayment costs £' . $calculator->calculateRepayment() . PHP_EOL;
echo 'Monthly interest-only costs £' . $calculator->calculateInterestOnlyPayment() . PHP_EOL;

Change log

• Cleaned up some code, added composer.json support
• Initial version of the library

Todo

• Abstract mortgage to a separate class, support calculating things like repayment time left, total repayment amount, and so on