Standard Home Loan Calculator

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

`; homeLoanSteps += `Formulas:
Monthly Repayment = Loan Amount × Monthly Interest Rate / (1 – (1 + Monthly Interest Rate)^(-Number of Payments))

`; homeLoanSteps += `Results:
Estimated Monthly Repayment: ${formatCurrency(monthlyRepayment)}
`; 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; }