Function to calculate maximum budget

PHP
1

I want to write a function that determines the maximum budget of a house buyer based on four input variables:

  1. Fixed purchase costs
  2. ITP tax rate (i.e. 10%)
  3. Starting Capital
  4. Mortgage LTV (70%)

The ITP tax rate is applied to the total property price and is not financed (Must be paid for out of starting capital).

This will require some kind of test and recalculate kind of code. Any ideas how to do this ?

2

Not sure what you are expecting?

I’d try an finance/accounting website.

You certainly can’t expect developers to help you figure out financial equations…

3

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