let homeLoanSteps = “”; const currencySymbol = “$”, fixedCurrency = “USD”; function calculateHomeLoan(){ homeLoanSteps=””; const loanAmount=parseFloat(document.getElementById(“loanAmount”).value); const loanTerm=parseFloat(document.getElementById(“loanTerm”).value); const interestRate=parseFloat(document.getElementById(“interestRate”).value)/100; if(isNaN(loanAmount)||isNaN(loanTerm)||isNaN(interestRate)||loanAmount<=0||loanTerm<=0||interestRate<=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)}
Loan Term: ${loanTerm} years
Interest Rate: ${(interestRate * 100).toFixed(1)}%

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

`; homeLoanSteps += `Results:
Estimated Monthly Repayment: ${formatCurrency(monthlyRepayment)}
`; homeLoanSteps += `Tip: Lowering your interest rate or loan term can help reduce your monthly repayment, but keep your financial situation in mind before making any changes.`; 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;}