A Python-based mortgage calculation system that computes monthly payments and generates a full amortization schedule following ACME Bank Ltd. guidelines.
The ACME Bank Mortgage Calculator is a two-part Python program that:
mortgage_calculator_part1.py
mortgage_calculator_part2.py
python mortgage_calculator_part1.py
python mortgage_calculator_part2.py
SAIT License
📌 SAMPLE RUN (Program Output)
SAMPLE RUN #1
Enter client name: Anita Howes Enter address of property: 19 Condo Circle Enter Purchase Price: 315000 Enter down payment percentage (minimum5.000): 10 Down payment amount is $31,500 Mortgage insurance price is $8,788 Total mortgage amount is $292,288 Enter Mortgage term(1 , 2, 3, 4, 5, 10): 1 Enter mortgage ammortization period (5, 10, 15, 20, 25): 20 Please enter a vaild choice Intrest rate for the term bill will be 5.95% Monthly payment amount is: $2,073 Would you like to see the amortization schedule? (Y/N): y Monthly Amortization Shedule
Month Opening Bal Payment Principal Interest Closing Bal 1 292288.50 2073.45 641.83 1431.62 291646.67 2 291646.67 2073.45 644.98 1428.48 291001.69 3 291001.69 2073.45 648.14 1425.32 290353.56 4 290353.56 2073.45 651.31 1422.14 289702.25 5 289702.25 2073.45 654.50 1418.95 289047.75 6 289047.75 2073.45 657.71 1415.75 288390.04 7 288390.04 2073.45 660.93 1412.52 287729.11 8 287729.11 2073.45 664.16 1409.29 287064.95 9 287064.95 2073.45 667.42 1406.03 286397.53 10 286397.53 2073.45 670.69 1402.77 285726.84 11 285726.84 2073.45 673.97 1399.48 285052.87 12 285052.87 2073.45 677.27 1396.18 284375.60 ======================================================================== Total 7912.90 16968.52
SAMPLE RUN #2
Enter client name: Min Downey Enter address of property: 1904 Duplex Drive Enter Purchase Price: 500500 Enter down payment percentage (minimum5.005): 5 Please enter a value bewtween the minimum and 100 Enter down payment percentage (minimum5.005): 101.5 Please enter a value bewtween the minimum and 100 Enter down payment percentage (minimum5.005): 5.005 Down payment amount is $25,050 Mortgage insurance price is $19,018 Total mortgage amount is $494,468 Enter Mortgage term(1 , 2, 3, 4, 5, 10): 10 Enter mortgage ammortization period (5, 10, 15, 20, 25): 25 Please enter a vaild choice Intrest rate for the term bill will be 6.00% Monthly payment amount is: $3,164 Would you like to see the amortization schedule? (Y/N): n
SAMPLE RUN #3
Enter client name: Peyton Quick Enter address of property: 65 Bungalow Blvd Enter Purchase Price: 670000 Enter down payment percentage (minimum6.269): 30 Down payment amount is $201,000 Mortgage insurance price is $0 Total mortgage amount is $469,000 Enter Mortgage term(1 , 2, 3, 4, 5, 10): 5 Enter mortgage ammortization period (5, 10, 15, 20, 25): 5 Please enter a vaild choice Intrest rate for the term bill will be 5.29% Monthly payment amount is: $8,901 Would you like to see the amortization schedule? (Y/N): Y Monthly Amortization Shedule
Month Opening Bal Payment Principal Interest Closing Bal 1 469000.00 8900.68 6855.60 2045.08 462144.40 2 462144.40 8900.68 6885.49 2015.19 455258.92 3 455258.92 8900.68 6915.51 1985.17 448343.40 4 448343.40 8900.68 6945.67 1955.01 441397.73 5 441397.73 8900.68 6975.96 1924.72 434421.78 6 434421.78 8900.68 7006.37 1894.31 427415.40 7 427415.40 8900.68 7036.93 1863.75 420378.48 8 420378.48 8900.68 7067.61 1833.07 413310.87 9 413310.87 8900.68 7098.43 1802.25 406212.44 10 406212.44 8900.68 7129.38 1771.30 399083.06 11 399083.06 8900.68 7160.47 1740.21 391922.59 12 391922.59 8900.68 7191.69 1708.99 384730.89 13 384730.89 8900.68 7223.05 1677.63 377507.84 14 377507.84 8900.68 7254.55 1646.13 370253.29 15 370253.29 8900.68 7286.18 1614.50 362967.11 16 362967.11 8900.68 7317.95 1582.73 355649.16 17 355649.16 8900.68 7349.86 1550.82 348299.29 18 348299.29 8900.68 7381.91 1518.77 340917.38 19 340917.38 8900.68 7414.10 1486.58 333503.28 20 333503.28 8900.68 7446.43 1454.25 326056.84 21 326056.84 8900.68 7478.90 1421.78 318577.94 22 318577.94 8900.68 7511.51 1389.17 311066.43 23 311066.43 8900.68 7544.27 1356.41 303522.16 24 303522.16 8900.68 7577.16 1323.51 295945.00 25 295945.00 8900.68 7610.21 1290.47 288334.79 26 288334.79 8900.68 7643.39 1257.29 280691.40 27 280691.40 8900.68 7676.72 1223.96 273014.68 28 273014.68 8900.68 7710.19 1190.49 265304.49 29 265304.49 8900.68 7743.81 1156.87 257560.67 30 257560.67 8900.68 7777.58 1123.10 249783.09 31 249783.09 8900.68 7811.50 1089.18 241971.60 32 241971.60 8900.68 7845.56 1055.12 234126.04 33 234126.04 8900.68 7879.77 1020.91 226246.27 34 226246.27 8900.68 7914.13 986.55 218332.14 35 218332.14 8900.68 7948.64 952.04 210383.51 36 210383.51 8900.68 7983.30 917.38 202400.21 37 202400.21 8900.68 8018.11 882.57 194382.10 38 194382.10 8900.68 8053.07 847.61 186329.03 39 186329.03 8900.68 8088.19 812.49 178240.84 40 178240.84 8900.68 8123.46 777.22 170117.38 41 170117.38 8900.68 8158.88 741.80 161958.50 42 161958.50 8900.68 8194.46 706.22 153764.05 43 153764.05 8900.68 8230.19 670.49 145533.86 44 145533.86 8900.68 8266.08 634.60 137267.78 45 137267.78 8900.68 8302.12 598.56 128965.66 46 128965.66 8900.68 8338.32 562.36 120627.34 47 120627.34 8900.68 8374.68 526.00 112252.66 48 112252.66 8900.68 8411.20 489.48 103841.46 49 103841.46 8900.68 8447.88 452.80 95393.58 50 95393.58 8900.68 8484.71 415.97 86908.87 51 86908.87 8900.68 8521.71 378.97 78387.16 52 78387.16 8900.68 8558.87 341.81 69828.29 53 69828.29 8900.68 8596.19 304.49 61232.09 54 61232.09 8900.68 8633.68 267.00 52598.42 55 52598.42 8900.68 8671.32 229.36 43927.10 56 43927.10 8900.68 8709.13 191.55 35217.96 57 35217.96 8900.68 8747.11 153.57 26470.85 58 26470.85 8900.68 8785.25 115.43 17685.60 59 17685.60 8900.68 8823.56 77.12 8862.04 60 8862.04 8900.68 8862.04 38.64 -0.00 ======================================================================== Total 469000.00 65040.77
SAMPLE RUN #4
Enter client name: Plenty Childs Enter address of property: 200 Park View Enter Purchase Price: 999999 Enter down payment percentage (minimum 7.500): 10 Down payment amount is $100,000 Mortgage insurance price is $27,900 Total mortgage amount is $927,899 Enter Mortgage term(1 , 2, 3, 4, 5, 10): 3 Enter mortgage ammortization period (5, 10, 15, 20, 25): 17 Please enter a vaild choice Enter mortgage ammortization period (5, 10, 15, 20, 25): 15 Intrest rate for the term bill will be 5.60% Monthly payment amount is: $7,599 Would you like to see the amortization schedule? (Y/N): N
SAMPLE RUN #5
Enter client name: H. I. Falutin Enter address of property: 8 Swanky Lane Enter Purchase Price: 1420000 Enter down payment percentage (minimum 20.000): 20 Down payment amount is $284,000 Mortgage insurance price is $0 Total mortgage amount is $1,136,000 Enter Mortgage term(1, 2, 3, 5, 10): 22 Please enter a valid choice Enter Mortgage term(1, 2, 3, 5, 10): 2 Enter mortgage ammortization period (5, 10, 15, 20, 25): 10 Intrest rate for the term bill will be 5.90% Monthly payment amount is: $12,514 Would you like to see the amortization schedule? (Y/N): Y Monthly Amortization Shedule
Month Opening Bal Payment Principal Interest Closing Bal 1 1136000.00 12514.46 6996.57 5517.89 1129003.43 2 1129003.43 12514.46 7030.55 5483.91 1121972.88 3 1121972.88 12514.46 7064.70 5449.76 1114908.17 4 1114908.17 12514.46 7099.02 5415.44 1107809.15 5 1107809.15 12514.46 7133.50 5380.96 1100675.65 6 1100675.65 12514.46 7168.15 5346.31 1093507.50 7 1093507.50 12514.46 7202.97 5311.49 1086304.53 8 1086304.53 12514.46 7237.96 5276.51 1079066.57 9 1079066.57 12514.46 7273.11 5241.35 1071793.46 10 1071793.46 12514.46 7308.44 5206.02 1064485.02 11 1064485.02 12514.46 7343.94 5170.52 1057141.08 12 1057141.08 12514.46 7379.61 5134.85 1049761.47 13 1049761.47 12514.46 7415.46 5099.01 1042346.01 14 1042346.01 12514.46 7451.48 5062.99 1034894.54 15 1034894.54 12514.46 7487.67 5026.79 1027406.87 16 1027406.87 12514.46 7524.04 4990.42 1019882.83 17 1019882.83 12514.46 7560.59 4953.88 1012322.24 18 1012322.24 12514.46 7597.31 4917.15 1004724.93 19 1004724.93 12514.46 7634.21 4880.25 997090.72 20 997090.72 12514.46 7671.29 4843.17 989419.43 21 989419.43 12514.46 7708.56 4805.91 981710.87 22 981710.87 12514.46 7746.00 4768.46 973964.87 23 973964.87 12514.46 7783.62 4730.84 966181.25 24 966181.25 12514.46 7821.43 4693.03 958359.82 ======================================================================== Total 177640.18 122706.92