Hey there i was using your calculator for mortgage<\/a> and there seems to be some sort of mistake in the code, i was testing mine against yours and getting different answers then i looked up at what the monthly payment is supposed to be in your math equation and i noticed it was .16 instead of the .92 that your get in your calculator just so you know! so your other numbers are off by about 200! <\/p>\n<\/blockquote>\n My response to Matt was...<\/p>\n Hi Matt. Thanks a lot for your feedback - much appreciated. Yep - there is a problem in there - maybe it was a rounding error in the Flash file, since the .16 at the top is correct. But as I said on the page, banks will find a way to charge you more, so whatever we calculate, we can guarantee the amount they charge will be higher!<\/p>\n<\/blockquote>\n I do like this sort of feedback. It means that users are trying to figure out the mathematics and are willing to let me know of a problem.<\/p>\n Anyway, it was a rounding error as anticipated. I had rounded the monthly interest amount to the nearest cent and then used that amount later in the code. Leaving it at full accuracy fixed the problem.<\/p>\n I also took it as an opportunity to tidy up the Flash interactive<\/a>.<\/p>\n Here is a screen shot of what we are talking about:<\/p>\n\n
![\"Equity\"](\"\/blog\/wp-content\/images\/2006\/09\/equity.gif\")
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