Mortgage example

Shows how much you will have to pay if you take a mortgage, provided much money is spent on interest and on the principal.

For example, you take 4 000 000, interest rate is 2.85 percent per year, time - 20 years. The output is

month: 239	remaining amount: 21833	paid amount: 5230455	balance amount: 21781	interest amount: 104	balance sum: 3978167	interest sum: 1252288

which means that you spend 5 230 455, total interest paid is 1 252 288, monthly payment is 21885.

How to calculate monthly payment? https://moezhile.ru/kreditovanie/ezhemesyachnyj-platezh.html#i-2

How to run

Virtual environments link

https://uoa-eresearch.github.io/eresearch-cookbook/recipe/2014/11/26/python-virtual-env/

1. If virtual environment is not created, create it

virtualenv mortgage_example_venv

2. Navigate there and activate it

cd mortgage_example_venv;
cd Scripts
activate

3. After you finish working, deactivate it.

cd mortgage_example_venv;
cd Scripts
deactivate

4. Run ./app/mortgage_example.py