pathfinderdev-mortgage_calc 0.1.1
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- data/Manifest +11 -0
- data/Rakefile +37 -0
- data/Version.yml +4 -0
- data/features/apr.feature +18 -0
- data/features/step_definitions/apr_steps.rb +7 -0
- data/features/support/env.rb +5 -0
- data/lib/mortgage_calc.rb +9 -0
- data/lib/mortgage_calc/mortgage_util.rb +55 -0
- data/pathfinderdev-mortgage_calc.gemspec +30 -0
- data/spec/mortgage_calc/mortgage_util_spec.rb +38 -0
- data/spec/spec_helper.rb +3 -0
- metadata +69 -0
data/Manifest
ADDED
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Manifest
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Rakefile
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Version.yml
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features/apr.feature
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features/step_definitions/apr_steps.rb
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6
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features/support/env.rb
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7
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lib/mortgage_calc.rb
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lib/mortgage_calc/mortgage_util.rb
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pathfinderdev-mortgage_calc.gemspec
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spec/mortgage_calc/mortgage_util_spec.rb
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spec/spec_helper.rb
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data/Rakefile
ADDED
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require 'rubygems'
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require 'rake'
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require 'echoe'
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require 'spec'
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require 'cucumber'
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require 'lib/mortgage_calc'
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require 'cucumber/rake/task'
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require 'spec/rake/spectask'
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Echoe.new("pathfinderdev-mortgage_calc", MortgageCalc::VERSION) do |p|
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p.description = "Mortgage utilities"
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p.url = "http://github.com/pathfinderdev/mortgage_calc"
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p.author = "Perry Hertler"
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p.email = "phertler@pathf.com"
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p.ignore_pattern = ["tmp/*", "script/*, .idea/*"]
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p.development_dependencies = []
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end
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Dir["#File.dirname(__FILE__)}/tasks/*.rake"].sort.each { |ext| load ext }
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spec_files = Rake::FileList["spec/**/*_spec.rb"]
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desc "Run specs"
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Spec::Rake::SpecTask.new do |t|
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t.spec_files = spec_files
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t.spec_opts = ["-c"]
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end
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Cucumber::Rake::Task.new(:features) do |t|
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t.cucumber_opts = "features --format progress"
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end
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task :default => [:spec, :features]
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data/Version.yml
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Feature Calculate APR
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In order to show sorted APR search results
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As a person navigating OMT
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I want to see correct APRs
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Scenario Outline: Calculate APR
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Given <loan_amount>, <fees>, <points>, <rate>, <period>
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Then the resultant apr should be <apr>
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Scenarios: with APR fields
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| loan_amount | fees | points | rate | period | apr |
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| 125000 | 5000 | 0 | 6.5 | 360 | 6.881 |
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| 125000 | 5000 | -1.25 | 6.5 | 360 | 6.881 |
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| 400000 | 1200 | 0 | 5.25 | 180 | 5.296 |
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| 125000 | 811 | 0.375 | 6.125 | 360 | 6.221 |
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| 125000 | 811 | -0.375 | 6.5 | 360 | 6.562 |
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| 100000 | 1000 | 0 | 7.0 | 360 | 7.099 |
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| 100000 | 0 | 0 | 7.0 | 360 | 7.0 |
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Given /^(.*), (.*), (.*), (.*), (.*)$/ do |loan_amount, fees, points, rate, period|
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@mortgage_util = MortgageCalc::MortgageUtil.new(Integer(loan_amount), Float(rate), Float(period), Float(fees), Float(points))
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end
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Then /^the resultant apr should be (.*)$/ do |apr_expected|
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Float(apr_expected).should be_close(@mortgage_util.apr, 0.001)
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end
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$:.unshift(File.dirname(__FILE__)) unless $:.include?(File.dirname(__FILE__)) || $:.include?(File.expand_path(File.dirname(__FILE__)))
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require 'yaml'
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module MortgageCalc
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version = YAML.load_file(File.dirname(__FILE__) + "/../VERSION.yml")
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VERSION = "#{version[:major]}.#{version[:minor]}.#{version[:patch]}"
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end
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require 'mortgage_calc/mortgage_util'
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module MortgageCalc
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class MortgageUtil
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attr_accessor :loan_amount, :interest_rate, :period, :lender_fee, :points
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def initialize(loan_amount, interest_rate, period=360, lender_fee=0, points=0)
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self.loan_amount = loan_amount
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self.interest_rate = interest_rate
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self.period = period
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self.lender_fee = lender_fee
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self.points = points
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end
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def apr
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payment_with_fees = calculate_monthly_payment(self.loan_amount + total_fees, monthly_interst_rate, self.period)
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calculate_apr_with_newton_raphson(self.period, payment_with_fees, self.loan_amount, monthly_interst_rate + 1) * 12 * 100
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end
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def monthly_payment
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calculate_monthly_payment(self.loan_amount, monthly_interst_rate, self.period)
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end
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def total_fees
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buyer_points = self.points <= 0 ? 0 : self.points
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self.lender_fee + (self.loan_amount * buyer_points.abs/100)
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end
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private
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def monthly_interst_rate
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self.interest_rate / 100 / 12
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end
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def calculate_monthly_payment(amount, monthly_rate, period)
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amount * (monthly_rate/(1 - (1 + monthly_rate)**(-period)))
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end
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# solves APR
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# where a = APR/1200, N = period, P = monthly payment, C = loan_amount
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# calculate APR uses the Newton-Raphson to find the root (the value for 'a' that makes f(a) = 0)
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# for best performance call this with 'start'= interest rate
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def calculate_apr_with_newton_raphson(periods, monthly_payment, loan_amount, start=1.1)
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payment_ratio = monthly_payment / loan_amount
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f = lambda {|k| (k**(periods + 1) - (k**periods * (payment_ratio + 1)) + payment_ratio)}
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f_slope = lambda { |k| ((periods + 1) * k**periods) - (periods * (payment_ratio + 1) * k**(periods - 1))}
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k_plus_one = start
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k = 0.0
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while ((k - 1) * 100000).to_f.floor != ((k_plus_one - 1) * 100000).to_f.floor
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k = k_plus_one
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k_plus_one = k - f.call(k) / f_slope.call(k)
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end
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(k_plus_one - 1).to_f
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end
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end
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end
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# -*- encoding: utf-8 -*-
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Gem::Specification.new do |s|
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s.name = %q{pathfinderdev-mortgage_calc}
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s.version = "0.1.1"
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s.required_rubygems_version = Gem::Requirement.new(">= 1.2") if s.respond_to? :required_rubygems_version=
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s.authors = ["Perry Hertler"]
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s.date = %q{2010-02-12}
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s.description = %q{Mortgage utilities}
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s.email = %q{phertler@pathf.com}
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s.extra_rdoc_files = ["lib/mortgage_calc.rb", "lib/mortgage_calc/mortgage_util.rb"]
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s.files = ["Manifest", "Rakefile", "Version.yml", "features/apr.feature", "features/step_definitions/apr_steps.rb", "features/support/env.rb", "lib/mortgage_calc.rb", "lib/mortgage_calc/mortgage_util.rb", "pathfinderdev-mortgage_calc.gemspec", "spec/mortgage_calc/mortgage_util_spec.rb", "spec/spec_helper.rb"]
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s.homepage = %q{http://github.com/pathfinderdev/mortgage_calc}
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s.rdoc_options = ["--line-numbers", "--inline-source", "--title", "Pathfinderdev-mortgage_calc"]
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s.require_paths = ["lib"]
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s.rubyforge_project = %q{pathfinderdev-mortgage_calc}
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s.rubygems_version = %q{1.3.5}
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s.summary = %q{Mortgage utilities}
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if s.respond_to? :specification_version then
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current_version = Gem::Specification::CURRENT_SPECIFICATION_VERSION
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s.specification_version = 3
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if Gem::Version.new(Gem::RubyGemsVersion) >= Gem::Version.new('1.2.0') then
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else
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end
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else
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end
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end
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require File.join(File.dirname(__FILE__), "..", "spec_helper")
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module MortgageCalc
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describe MortgageUtil do
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def assert_monthly_apr_payment_matches(loan_amount, rate, period, fee, points)
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mortgage_util = MortgageUtil.new(loan_amount, rate, period, fee, points)
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monthly_payment_with_fees = MortgageUtil.new(loan_amount + mortgage_util.total_fees, rate, period, 0, 0).monthly_payment
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monthly_payment_from_apr = MortgageUtil.new(loan_amount, mortgage_util.apr, period, 0, 0).monthly_payment
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monthly_payment_with_fees.should be_close(monthly_payment_from_apr, 0.01)
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end
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context "with valid MortgageUtil" do
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before(:all) do
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@mortgage_util = MortgageUtil.new(100000, 6.0, 360, 1200, 1.25)
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@mortgage_util_with_apr_as_rate = MortgageUtil.new(100000, @mortgage_util.apr, 360, 1200, 1.25)
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end
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it "should have proper monthly interest rate" do
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@mortgage_util.send(:monthly_interst_rate).should == 0.005
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end
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it "should have proper monthly payment" do
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@mortgage_util.monthly_payment.should be_close(599.55, 0.001)
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end
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it "should have proper total fees" do
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@mortgage_util.total_fees.should be_close(2450, 0.001)
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end
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it "should have proper APR" do
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@mortgage_util.apr.should be_close(6.22726, 0.00001)
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end
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end
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it "should calculate original monthly payment from APR" do
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assert_monthly_apr_payment_matches(300000, 6.5, 360, 1200, 1.25)
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assert_monthly_apr_payment_matches(300000, 6.5, 360, 0, 0)
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assert_monthly_apr_payment_matches(400000, 1.1, 180, 1200, 1.25)
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assert_monthly_apr_payment_matches(300000, 6.5, 360, 0, 7.25)
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assert_monthly_apr_payment_matches(300000, 6.5, 360, 10000, 7.25)
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end
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end
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end
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data/spec/spec_helper.rb
ADDED
metadata
ADDED
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--- !ruby/object:Gem::Specification
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name: pathfinderdev-mortgage_calc
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version: !ruby/object:Gem::Version
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version: 0.1.1
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platform: ruby
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authors:
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- Perry Hertler
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autorequire:
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bindir: bin
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cert_chain: []
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date: 2010-02-12 00:00:00 -06:00
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default_executable:
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dependencies: []
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description: Mortgage utilities
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email: phertler@pathf.com
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executables: []
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extensions: []
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extra_rdoc_files:
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- lib/mortgage_calc.rb
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- lib/mortgage_calc/mortgage_util.rb
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files:
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- Manifest
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- Rakefile
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- Version.yml
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- features/apr.feature
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- features/step_definitions/apr_steps.rb
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- features/support/env.rb
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- lib/mortgage_calc.rb
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- lib/mortgage_calc/mortgage_util.rb
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- pathfinderdev-mortgage_calc.gemspec
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- spec/mortgage_calc/mortgage_util_spec.rb
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- spec/spec_helper.rb
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has_rdoc: true
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homepage: http://github.com/pathfinderdev/mortgage_calc
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licenses: []
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post_install_message:
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rdoc_options:
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- --line-numbers
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- --inline-source
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- --title
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- Pathfinderdev-mortgage_calc
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require_paths:
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- lib
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required_ruby_version: !ruby/object:Gem::Requirement
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requirements:
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- - ">="
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- !ruby/object:Gem::Version
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version: "0"
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version:
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required_rubygems_version: !ruby/object:Gem::Requirement
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requirements:
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- - ">="
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- !ruby/object:Gem::Version
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version: "1.2"
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version:
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requirements: []
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rubyforge_project: pathfinderdev-mortgage_calc
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rubygems_version: 1.3.5
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signing_key:
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specification_version: 3
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summary: Mortgage utilities
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test_files: []
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