" + "%s |
| " + "%s |
Back";
function EmitRow1(s1)
{
Emit(shBeginRow1);
Emit1(shCell1, s1);
Emit(shEndRow);
}
function Execute(oForm)
{
var iError = 0;
var nPrincipal, nInputInterest, iYears, iOption;
var nPayment, iAltYears = 0, nAltPayment = 0;
if ( (nPrincipal = Validate(oForm.appl0001.value, 0)) == nErrorNumber)
iError = 100;
else if ( (nInputInterest = Validate(oForm.appl0002.value, 0)) == nErrorNumber)
iError = 110;
else if ( (iYears = Validate(oForm.appl0003.value, 1)) == nErrorNumber)
iError = 120;
else if ( (iOption = parseInt(oForm.appl0004.options[
oForm.appl0004.selectedIndex].value)) == 0)
iError = 130;
else if (iOption == 1 && (iAltYears = Validate(
oForm.appl0005.value, 1)) == nErrorNumber)
iError = 140;
else if (iOption == 2 && (nAltPayment = Validate(
oForm.appl0005.value, 0)) == nErrorNumber)
iError = 150;
var iMonths = 12 * iYears;
var nPercent = nInputInterest / 1200;
if (!iError)
{
var sMessage = "";
if (nPrincipal == 0)
sMessage = "Please enter a loan amount";
else if (nPrincipal < 0)
sMessage = "Loan amount must be positive";
else if (nInputInterest == 0)
sMessage = "Please enter an interest rate";
else if (nInputInterest < 0)
sMessage = "Interest rate must be positive";
else if (iYears == 0)
sMessage = "Please enter amortized length (in Years)";
else if (iYears < 0)
sMessage = "Amortized length (in Years) must be positive";
else
{
nPayment = nPrincipal / PresentValue(1, nPercent, iMonths);
nPayment = Round(nPayment + .005, 2);
if (iOption == 1 && iAltYears == 0)
sMessage = "Please enter a desired loan length";
else if (iOption == 1 && iAltYears < 0)
sMessage = "Desired loan length must be positive";
else if (iOption == 1 && iAltYears >= iYears)
sMessage = "Your desired length of loan must be "
+ "smaller than the amortized length";
else if (iOption == 2 && nAltPayment <= nPayment)
sMessage = "Your desired monthly payment for this mortgage "
+ "needs to be at least "
+ DollarFormat(nPayment, 0, 2);
}
if (sMessage != "")
{
iError = 170;
alert(sMessage);
}
}
if (!iError)
{
if (iOption == 1)
{
nAltPayment = nPrincipal / PresentValue(1, nPercent,
12 * iAltYears);
nAltPayment = Round(nAltPayment + .005, 2);
}
else
iAltYears = iYears;
var nTotalInterest = 0, nAltInterest = 0;
var iAltMonths = 0;
var nFraction = 0;
var nBalance = nPrincipal;
var nInterest, nReduction, iK;
var nPay = nPayment;
for (iK = 1; iK <= iMonths; ++iK)
{
nInterest = nBalance * nPercent + nFraction;
nFraction = nInterest - Round(nInterest,2);
nInterest = Round(nInterest,2);
if (nPay > nBalance + nInterest)
nPay = nBalance + nInterest;
nReduction = nPay - nInterest;
nBalance -= nReduction;
nTotalInterest += nInterest;
}
nFraction = 0;
nBalance = nPrincipal;
nPay = nAltPayment;
for (iK = 1; !iAltMonths && iK < 2000; ++iK)
{
nInterest = nBalance * nPercent + nFraction;
nFraction = nInterest - Round(nInterest,2);
nInterest = Round(nInterest,2);
if (nPay > nBalance + nInterest)
{
nPay = nBalance + nInterest;
iAltMonths = iK;
}
nReduction = nPay - nInterest;
nBalance -= nReduction;
nAltInterest += nInterest;
}
// Dump("iAltMonths = " + iAltMonths);
iAltYears = Round(iAltMonths/12, 1);
var nSavedInterest = nTotalInterest - nAltInterest;
var nExtraPayment = nAltPayment - nPayment;
var sText;
Emit1(shStart, "Effects of Prepayment Calculator Results<\/span>");
// Emit1(shHeadGif, "gifs/effects_calc_results.gif");
Emit1(shHeading2, "Effects of Prepayment Calculator Results<\/span>");
Emit(shBeginTable);
sText = "Your normal monthly payment on a $" + nPrincipal
+ " loan
at " + nInputInterest + " % for " + iYears
+ " years would be " + DollarFormat(nPayment, 0, 2);
EmitRow1(sText);
if (iOption == 1)
sText = "To pay off the same loan in " + iAltYears
+ " years,
you would need to increase your monthly"
+ "
payment by " + DollarFormat(nExtraPayment, 0, 2)
+ " to " + DollarFormat(nAltPayment, 0, 2);
else
sText = "By paying an extra "
+ DollarFormat(nExtraPayment, 0, 2) + " each month,"
+ "
you would pay your loan off in "
+ iAltYears + " years";
EmitRow1(sText);
sText = "Your total interest savings would be "
+ DollarFormat(nSavedInterest, 0, 2);
EmitRow1(sText);
Emit(shEndTable);
Emit(shEndPage);
}
if (!iError)
{
if (bDebug && sDump != "")
sOut += sNl + "" + sDump + "
";
// document.open();
document.write(sOut);
document.close();
}
}
function Dump(sStr) { if (bDebug) sDump += sStr + sNl;}
function Emit(sStr) { sOut += sStr + sNl; }
function Emit1(sStr, s1)
{
var iK;
if ( (iK = sStr.indexOf(sSub)) >= 0)
sStr = sStr.substring(0, iK) + s1
+ sStr.substring(iK + sSub.length);
Emit(sStr);
}
function Emitx(sStr, sSubs)
{
var iK, iL, iPos1 = 0, iPos2 = 0;
while ( (iK = sStr.indexOf(iPos1, sSub)) >= 0)
{
if ( (iL = eSubs.indexOf(iPos2, sSep)) < 0)
iL = eSubs.length();
sStr = sStr.substring(0, iK)
+ sSubs.substring(iPos1, iL)
+ sStr.substring(iK + sSub.length());
iPos1 = iK + sSub.length();
if ( (iPos2 = iL + eSep.length()) > sSubs.length())
iPos2 = sSubs.length();
}
Emit(sStr);
}
var sBlanks = " "
+ " ";
var sDashes = "---------------------------------------------"
+ "-----------------------------------------";
var nPowers = [
0.0000000000000001,
0.000000000000001,
0.00000000000001,
0.0000000000001,
0.000000000001,
0.00000000001,
0.0000000001,
0.000000001,
0.00000001,
0.0000001,
0.000001,
0.00001,
0.0001,
0.001,
0.01,
0.1,
1.,
10.,
100.,
1000.,
10000.,
100000.,
1000000.,
10000000.,
100000000.,
1000000000.,
10000000000.];
function Power(n)
{
return nPowers[n+16];
}
var sMonths = ["January", "February", "March", "April", "May",
"June", "July", "August", "September", "October",
"November", "December"];
function Mmm(iK) { if (!(iK >= 1 && iK <= 12)) return "MMM" + iK;
return sMonths[iK-1].substring(0, 3); }
function ExpN(nX, iN) // compute x ** n, where n is integral
{
var nResult = 1;
var bSign = 0;
if (iN < 0)
{
bSign = 1;
iN = -iN;
}
while (iN > 0)
{
if (iN & 1)
nResult *= nX;
nX *= nX;
iN >>= 1;
}
if (bSign)
nResult = 1 / nResult;
return nResult;
}
function PresentValue(nPayment, nPercent, iNumPeriods)
{
var nAmount = (Math.abs(nPercent) > 1e-20)
? nPayment * (1 - ExpN(1 + nPercent, -iNumPeriods))
/ nPercent
: nPayment * iNumPeriods;
return nAmount;
}
function SparsePresentValue(nPayment, nPercent, iInterval, iNumPeriods)
{
var nAmount = (Math.abs(nPercent) > 1e-20)
? nPayment * (1 - ExpN(1 + nPercent, -iNumPeriods))
/ (ExpN(1 + nPercent, iInterval) - 1)
: nPayment * iNumPeriods;
return nAmount;
}
function Round(nVal, iD)
{
var iSign = 1;
if (nVal < 0)
{
nVal = - nVal;
iSign = -1;
}
var iInt = Math.round(nVal);
if (iD > 0)
iInt = Math.floor(nVal);
var nFp = nVal - iInt;
// alert ('iInt, nFp = ' + iInt + ", " + nFp);
if (iD > 0)
nFp = Math.round(nFp * Power(iD)) / Power(iD);
nVal = iSign * (iInt + nFp);
return nVal;
}
function Round2(nVal, iD, iType)
// iType: -1 = floor, 0 = round, +1 = ceil
{
var nPow = Power(iD);
nVal = Math.round(nVal * nPow + iType * .5) / nPow;
// alert(nVal + "/" + iD + "/" + iType + "/" + nPow + "/" + nVal);
return nVal;
}
function Validate(sVal, bInt)
{
var sMessage = "";
var bDot = 0, bE = 0, iState = 0;
var sCh, iK;
var bInvalid = 0;
var nValue = bInt ? parseInt(sVal) : parseFloat(sVal);
for (iK = 0; sMessage == "" && iK < sVal.length; ++iK)
{
sCh = sVal.charAt(iK);
if (sCh == " ")
{
if (iState > 0)
iState = 9;
}
else
{
if (iState == 9)
sMessage = "Number '" + sVal + "' has an embedded blank";
else if (sCh == '.' && !bInt)
{
if (bDot || bE)
bInvalid = 1;
else
bDot = 1;
}
else if ((sCh == 'e' || sCh == 'E') && !bInt)
{
if (bE)
bInvalid = 1;
else
{
bE = 1;
iState = 6;
}
}
else if (sCh == '+' || sCh == '-')
{
if (iState == 0 || iState == 6)
++iState;
else
sMessage = "Number '" + sVal + "' contains a sign "
+ "in an illegal position"
}
else if (sCh >= '0' && sCh <= '9')
{
if (iState == 1 || iState == 7)
++iState;
else if (iState == 0 || iState == 6)
iState += 2;
}
else
bInvalid = 1;
}
if (bInvalid)
sMessage = "Number '" + sVal + "' contains"
+ " invalid non-numeric character(s)";
}
if (sMessage == "")
if (iState == 1 || iState == 6 || iState == 7)
sMessage = "Illegal number: " + sVal;
else if (iState == 0)
nValue = 0;
if (sMessage != "")
{
alert(sMessage);
nValue = nErrorNumber;
}
return nValue
}
// DollarFormat -- could be jazzed up to produce "CR" or "DB"
function DollarFormat(nVal, iW, iD)
{
return GenFmt(nVal, iW, iD, 1);
}
function Format(nVal, iW, iD)
{
return GenFmt(nVal, iW, iD, 0);
}
function GenFmt(nVal, iW, iD, bDollar) // format val into w chars,
// d digs after decimal point
{
var sOut = "";
var iSign = 0;
nVal = Round(nVal, iD);
if (nVal < 0)
{
nVal = - nVal;
iSign = 1;
}
var iInt = Math.round(nVal);
if (iD > 0)
iInt = Math.floor(nVal);
var nFp = nVal - iInt;
var iDigs = 1;
if (iInt > 9)
iDigs = Math.floor(Math.log(iInt+.1)/Math.log(10)) + 1;
var iLeft = iW - iSign - (bDollar ? 1 : 0);
if (iD > 0)
iLeft -= iD + 1;
if (iLeft > iDigs)
sOut += sBlanks.substring(0, iLeft - iDigs);
if (iSign)
sOut += '-';
if (bDollar)
sOut += '$';
sOut += iInt;
if (iD > 0)
{
nFp = Math.round((1 + nFp) * Power(iD));
sOut += '.' + String(nFp).substring(1);
}
return sOut;
}
function PrepadString(sStr, iW)
{
if (sStr.length < iW)
sStr = sBlanks.substring(0, iW - sStr.length) + sStr;
return sStr;
}
function CenterString(sStr, iW)
{
var iBlanks = iW - sStr.length;
if (iBlanks > 0)
sStr = sBlanks.substring(0, Math.floor(iBlanks/2)) + sStr
+ sBlanks.substring(0, iBlanks - Math.floor(iBlanks/2));
return sStr;
}