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This Android app is designed to help users calculate the monthly mortgage payment on a property they wish to purchase. The app takes into account the purchase price, down payment amount, interest rate, and loan duration to determine the monthly payment amount.
- Calculates monthly mortgage payment based on user inputs
- Allows users to input purchase price, down payment amount, interest rate, and loan duration
- Includes options for loan duration in 10, 20, and 30 years, as well as a custom option that allows users to input any desired loan duration
- Displays results in a clear and easy-to-read format
This app was developed in Java using the Android operating system. It makes use of several libraries, including:
- Android OS framework
- java.text.NumberFormat for formatting currency and percentage values
- android.widget for user interface elements such as EditText, SeekBar, and TextView
- android.text for handling input from EditText fields
The app uses a custom TextWatcher class to listen for changes in the input fields and update the results accordingly. The loan duration can be adjusted either by selecting a predefined option from the radio buttons or by using the SeekBar widget. The results are displayed in a TextView and updated in real-time as the user changes the inputs.