Here’s some more information on Super Jumbo Mortgage Rates:

https://www.wellsfargo.com/mortgage/rates

and if you don’t mind submitting some of your own info, this is a good rate calculator:
http://www.bankrate.com/funnel/mortgages/

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Technorati Tags: Mortgage Rates, super jumbo

Product Description

The bestselling one-stop guide to mortgages—updated for the post–housing crisis market!

The Mortgage Encyclopedia demystifies all the various mortgage terms, features, and options by offering clear, precise explanations.

Fully updated to address the new realities introduced by the housing crisis of 2007, The Mortgage Encyclopedia provides not just a complete description, but also in-depth discussion of the issues that may affect you, whether you’re a homeowner (or homeowner-to-be), real estate agent, loan provider, or attorney. With this handy, comprehensive guide on hand, you have instant access to:

• Definitions and explanations of common mortgage-related terms, as well as arcane mortgage terminology, listed alphabetically
• Expert advice on the most pressing issues, such as whether to use a mortgage brokers, the benefits of paying points versus a larger down payment, and the hazards of cosigning a loan
• The truth about common mortgage myths and misperceptions—and the pitfalls you need to avoid
• Helpful tables on affordability, interest cost of fixed-rate versus adjustable rate mortgages, and much more

So the next time you ask yourself such questions as “Is this FHA loan right for me?” or “Can I negotiate this fee?” reach for this indispensable guide and get the fast, accurate information you need!

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Can someone help me flesh out the details of this? I need to make a mortgage calculator in java does the following
The user will be asked to enter to the amount of the mortgage loan, the term in years of the mortgage, and an annual interest rate. The amount of the mortgage loan shall be greater than 0 and not exceed 10,000,000 dollars. The minimum term for the loan is five years, with a maximum of 30 years. In addition to the user being able to supply the mortgage information the application will display three of the most commonly used mortgages and the user shall be able to select these mortgages instead of supplying the mortgage information. Once the user has provided the mortgage information, the program shall calculate the monthly mortgage payment and the amortization table for the life of the mortgage. For each month the amortization table shall display the loan period, loan balance, principal balance, interest balance, principal paid and interest paid.

Here is mortgage payment formula.
PMT = (PV x IR) / (1 – (1 + IR)^-NP)

Where:

PMT = Monthly Payment
PV = Principle Value (amount of loan)
IR = Interest Rate, by month
NP = Note Period, or mortgage term in months

IR = apr/100/12
NP = term * 12

if Apr > 0 AND APR <= 100 then
PMT = (Principal * IR)/(1-(1 + IR)-np)
else if Apr = 0
PMT = Principal/NP
end if

I need help I am not so good with Java. As long as i get the calculator part of this done i think i can handle the rest.

import java.util.Scanner;

class MortgageCalculator2 {

public MortgageCalculator2() {
intro();
}

public void mess(String s) {
System.out.printf("%s%n", s);
}

public void messIn(String s) {
System.out.printf("%s > ", s);
}

public void intro() {
Scanner sc = new Scanner(System.in);
boolean run = true;

mess("——————————————");
mess("Mort Especi\u00e2l Waresofto");
mess("if we can’t float the loan, the gov’t will");
mess("——————————————\n");
while (run) {
String[] args = new String[3];
messIn("enter Principal Amount: ");
args[0] = sc.nextLine();
messIn("enter Note Period (Years)");
args[1] = sc.nextLine();
messIn("enter APR example: 9.55");
args[2] = sc.nextLine();
String pmt = calculation(args);
mess("\n");
mess(pmt);
mess("do another one?");
if (sc.nextLine().
equalsIgnoreCase("q")) {
run = false;
}
}
}

public static void main(String[] args) throws Exception {
new MortgageCalculator2();

}

private String calculation(String[] args) {
float pv = Float.valueOf(args[0]);
int term = Integer.valueOf(args[1]);
float apr = Float.valueOf(args[2]);
// double ir = apr / 100 / 12;
double ir = apr / 12 ;
double np = term *12;
System.out.printf("interest monthly: %2.2f%%", ir);
double payNum = (pv * ir) / ( 1 – (1+ir)-np);
return String.format( "Monthly Payment: $%6.2f",payNum);
}
}

I don’t have faith in the teacher’s formula. This is not how I would do a mortgage program. But, maybe this will get you going.

http://businesscompassllc.com All the interest rate calculations in an easy to use app!

Interest Rate -

Simple Interest
Compound Interest
Effective Annual Rate (EAR)
Effective Annual Cost (EAC)
Nominal/Real Interest Rate
APR

To find more about this app, please visit http://businesscompassllc.com.

Duration : 0:13:7

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Technorati Tags: amazing, apr, arm, bank rate, cool, fantastic, free, Home Loans, hot, incredible, interest calculator, Interest rate, Interest Rates, legendary, loan rates, mba sidekick, mobile banker, mortgage, Mortgage Loan, Mortgage rate, mortgages, rate of interest, saladei, super, time value, what are interest rates, what are the interest rates, what is apr, what is fixed rate, what is interest rate, what is the mortgage

Hi, Im looking for a mortgage calculator that allows you to enter, Mortgage amounts, Interest rates, Down Payments, Insurance Rates, Taxes, etc… Or even better a calculator that helps you organize or predict what your monthly living costs will be…?

you can use bankrate it is a great website with many loan calculators and general finance info.

http://www.loanchatlive.com/ When choosing a Mortgage Rate how do you know what rate and fees to settle with? Use this visual mortgage rate calculator.

Duration : 0:4:21

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Technorati Tags: Mortgage rate, Mortgage Rate Calculator, rate calculator