austinmcconnell/mortgage

Mortgage Library
====================

Mortgage is a library for calculating mortgage details and aids in comparing different loans.

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How To Use
----------

This package is intended to help understand the true cost of a mortgage.
It also can help you easily compare between different mortgages.

.. testsetup:: *

   from mortgage import Loan

Begin by importing the loan class

.. code-block:: python

   >>> from mortgage import Loan

Create a simple mortgage

.. doctest:: example1

   >>> loan = Loan(principal=200000, interest=.06, term=30)
   >>> loan
   <Loan principal=200000, interest=0.06, term=30>

View a summary of pertinent mortgage information by calling the
summarize property.

.. doctest:: example1

   >>> loan.summarize
   Original Balance:         $    200,000
   Interest Rate:                    0.06 %
   APY:                              6.17 %
   APR:                              6.00 %
   Term:                               30 years
   Monthly Payment:          $    1199.10
   <BLANKLINE>
   Total principal payments: $ 200,000.00
   Total interest payments:  $ 231,676.38
   Total payments:           $ 431,676.38
   Interest to principal:           115.8 %
   Years to pay:                     30.0

Particularly telling is the Interest to Principal ratio. With the
mortgage terms above, you will pay **115%** of the original balance in
interest! Compare that to the same loan with a 15 year term below


Introduction
--------------------

.. toctree::
   :maxdepth: 2

   introduction

API Documentation
--------------------

Looking for information on a specific function, class, or method? Find what you're looking for below.

.. toctree::
   :maxdepth: 2

   api

Indices and tables
==================

* :ref:`genindex`
* :ref:`modindex`
* :ref:`search`