Can you help with Mortgage Calculator in Java?
by Mortgage Rates on Sunday, September 26th, 2010 | 1 Comment
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
There was a lot wrong with this. You had duplicate main methods, you tried to import while making a variable declaration (which would be a handy feature I suppose, but is invalid in Java), and forgot to extend the JFrame class and implement ActionListener. I fixed these and some other issues so that it would compile. Getting the logic to work is up to you though.
/** @author alesiab
*/
import java.awt.*;
import java.awt.event.ActionEvent;
import java.awt.event.ActionListener;
import java.text.DecimalFormat;
import javax.swing.*;
import javax.swing.border.Border;
import javax.swing.border.EmptyBorder;
//Declaration of class
public class MortCalc2 extends JFrame implements ActionListener {
// Declaration of labels
JPanel row1 = new JPanel( new GridLayout( 1, 3 ) );
JLabel principal_label1 = new JLabel( “Net Amount $ :”, JLabel.LEFT );// Sets label text and alignment
JTextField principal_txt = new JTextField( 10 );
JPanel row2 = new JPanel( new GridLayout( 1, 3 ) );
JLabel term_label2 = new JLabel( “Term Yrs :”, JLabel.LEFT );
JTextField term_txt = new JTextField( 10 );
JPanel row3 = new JPanel( new GridLayout( 1, 3 ) );
JLabel rate_label3 = new JLabel( “Interest Rate %:”, JLabel.LEFT );
JTextField rate_txt = new JTextField( 10 );
JPanel row4 = new JPanel( new GridLayout( 1, 3 ) );
JLabel pay_label4 = new JLabel( “Monthly Payment $:”, JLabel.LEFT );
JTextField pay_txt = new JTextField( 10 );
JPanel button = new JPanel( new FlowLayout( FlowLayout.CENTER ) );
// Declaration of buttons and text shown on them
JButton rstButton = new JButton( “Reset” );
JButton extButton = new JButton( “Exit” );
JButton calcButton = new JButton( “Calculate” );
// Declaration for area to display user input
JTextArea displayArea = new JTextArea( 10, 45 );
// Declaration of number formats that will be output after calculation
DecimalFormat twodigits = new DecimalFormat( “#,###.00″ );
// Declaration of variables
double rate = 0;// Sets rate as a double set to zero
double mpay = 0;// Sets monthly payment as a double set to zero
double principal = 0;// Sets principal as a double set to zero
int term = 0;// Sets interest as a integer set to zero
double interest = 0;// Sets interest as a double set to zero
// Declaration of constructor
public MortCalc2() {
super( “Mortgage Calculator: SR-mf-003 #4″ );// Syntax used for calling constructor
setSize( 400, 200 );// sets size of the constructor
setDefaultCloseOperation( JFrame.EXIT_ON_CLOSE );
Container pane = getContentPane();// returns the value for content
Border bdr = new EmptyBorder( 2, 5, 2, 5 );// provides borders for label
// Declaration of windows that will hold users input
pane.add( row1 );
row1.add( principal_label1 );
row1.add( principal_txt );
row1.setMaximumSize( new Dimension( 300, 25 ) );
row1.setBorder( bdr );
pane.add( row2 );
row2.add( term_label2 );
row2.add( term_txt );
row2.setMaximumSize( new Dimension( 300, row2.getMinimumSize().height ) );
row2.setBorder( bdr );
pane.add( row3 );
row3.add( rate_label3 );
row3.add( rate_txt );
row3.setMaximumSize( new Dimension( 300, row3.getMinimumSize().height ) );
row3.setBorder( bdr );
pane.add( row4 );
row4.add( pay_label4 );
row4.add( pay_txt );
row4.setMaximumSize( new Dimension( 300, row4.getMinimumSize().height ) );
row4.setBorder( bdr );
button.add( calcButton );
button.add( rstButton );
button.add( extButton );
pane.add( button );
pane.setLayout( new BoxLayout( pane, BoxLayout.Y_AXIS ) );
setVisible( true );
setContentPane( pane );
button.setMaximumSize( new Dimension( 10000, button.getMinimumSize().height ) );
// Adds specified action listener to get action events from buttons
rstButton.addActionListener( this );
extButton.addActionListener( this );
calcButton.addActionListener( this );
}
// Declaration of calculation actions to take place
public void actionPerformed( ActionEvent event ) {
Object source = event.getSource();
// Begin “if” function
if( source == calcButton ) // calculates on hit
{
validateUserInput( principal_txt, rate_txt, term_txt ); // validates input
// formula for calculation output
mpay = principal * ( rate / ( 12 * 100 ) ) / ( 1 – Math.pow( 1 + ( rate / ( 12 * 100 ) ), -1 * ( term * 12 ) ) );
pay_txt.setText( “” + twodigits.format( mpay ) );
}
if( source == rstButton ) // Clears on hit
{
term_txt.setText( ” ” );
rate_txt.setText( ” ” );
principal_txt.setText( ” ” );
pay_txt.setText( ” ” );
displayArea.setText( ” ” );
}
if( source == extButton ) // Exits on hit
{
System.exit( 0 );
}
}// end action
// Declaration of the main method
public static void main( String[] arguments ) {
MortCalc2 mtg = new MortCalc2();
}
// Declaration of user input for each variable
public void validateUserInput( JTextField principal_txt, JTextField rate_txt, JTextField term_txt ) {
// Begin “try/catch” function
try {
principal = Double.parseDouble( principal_txt.getText() );
} catch( NumberFormatException e )// Action listener
{
}
}
}