Developer Builds Actuarial Mortgage Platform With 163 Pages and Privacy-Focused Design
A developer has launched SmartMortgageCalc, an open actuarial mortgage suite meant to go beyond the simplified calculators common on bank websites. The platform aims to model factors such as PMI cancellation, tiered transfer taxes, and front-loaded interest, while avoiding user data tracking. The write-up explains how the system handles cross-border compounding rules, citing differences between US, Canadian, and Australian mortgage conventions. The developer says the underwriting logic is verified through automated Node.js test suites, with an example benchmark testing the effect of extra principal payments on a $300,000 loan.
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