let homeLoanSteps = “”; const currencySymbol = “$”, fixedCurrency = “USD”; function calculateHomeLoan(){ homeLoanSteps=””; const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const loanTerm = parseFloat(document.getElementById(“loanTerm”).value) * 12; if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm <= 0) { alert("Please enter valid positive values for all fields."); return; } const monthlyPayment = (loanAmount * interestRate) / (1 – Math.pow(1 + interestRate, -loanTerm)); const totalPayment = monthlyPayment * loanTerm; const totalInterest = totalPayment – loanAmount; document.getElementById("monthlyPayment").value = formatCurrency(monthlyPayment); document.getElementById("totalPayment").value = formatCurrency(totalPayment); document.getElementById("totalInterest").value = formatCurrency(totalInterest); homeLoanSteps += `Inputs:
Loan Amount: ${formatCurrency(loanAmount)}
Interest Rate: ${(interestRate*12*100).toFixed(2)}%
Loan Term: ${loanTerm / 12} years

`; homeLoanSteps += `Formulas:
Monthly Payment = Loan Amount × Interest Rate ÷ (1 – (1 + Interest Rate)^(-Term))
Total Payment = Monthly Payment × Term
Total Interest = Total Payment – Loan Amount

`; homeLoanSteps += `Results:
Monthly Payment: ${formatCurrency(monthlyPayment)}
Total Payment: ${formatCurrency(totalPayment)}
Total Interest: ${formatCurrency(totalInterest)}
`; homeLoanSteps += `Tip: Higher loan amounts and interest rates lead to higher monthly payments and total interest paid over the term.`; if (document.getElementById(“calculationStepsHomeLoan”).style.display === “block”) { document.getElementById(“calculationStepsHomeLoan”).innerHTML = homeLoanSteps; } } function resetHomeLoan() { document.querySelectorAll(“#calculator input”).forEach(el => el.value = “”); homeLoanSteps = “”; document.getElementById(“calculationStepsHomeLoan”).innerHTML = “

Not calculated yet.

“; } function toggleHomeLoanSteps() { const s = document.getElementById(“calculationStepsHomeLoan”); const a = document.getElementById(“toggleArrowHomeLoan”); if (s.style.display === “none” || s.style.display === “”) { s.style.display = “block”; a.style.transform = “rotate(180deg)”; s.innerHTML = homeLoanSteps || “

Not calculated yet.

“; } else { s.style.display = “none”; a.style.transform = “rotate(0deg)”; } } function formatCurrency(n) { return currencySymbol + n.toFixed(2) + ” ” + fixedCurrency; }