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Atari Calculator (or Calculator) was a proprietary software program developed by Atari, Inc. for Atari 800 computers that incorporated the functionality of a scientific calculator into a software calculator. The source code was written in assembly language by American programmer and game designer Carol Shaw.
4%. Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [2]
Free Online Financial Planning Calculators. ... Example: Imagine you’re planning to buy a home and can take out either a 30-year mortgage at 5% interest or a 15-year mortgage at 4.5% interest ...
$410,000 [home’s value] x 0.80 [maximum allowed to borrow] – $220,000 [outstanding mortgage] = $108,000 available to borrow. Keep in mind: It’s not free to take out a home equity loan.
Amortization calculator. An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.
Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620
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