All Reverse Mortgage Calculator by Lender

let mortgageSteps = “”; function calculateReverseMortgage(){ mortgageSteps=””; const homeValue = parseFloat(document.getElementById(“homeValue”).value); const age = parseInt(document.getElementById(“age”).value); const lender = document.getElementById(“lender”).value; const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100; const loanTerm = parseInt(document.getElementById(“loanTerm”).value); if (isNaN(homeValue) || isNaN(age) || isNaN(interestRate) || isNaN(loanTerm) || homeValue <= 0 || age <= 0 || interestRate <= 0 || loanTerm <= 0) { alert("Please enter valid positive values for all fields."); return; } const loanAmount = homeValue * (0.5 + (age – 60) * 0.01) * (1 – interestRate * 0.1); document.getElementById("loanAmount").value = loanAmount.toFixed(2); mortgageSteps += `Inputs:
Home Value: ${homeValue.toFixed(2)}
Age: ${age}
Lender: ${lender}
Interest Rate: ${(interestRate * 100).toFixed(2)}%
Loan Term: ${loanTerm}

`; mortgageSteps += `Formula:
Loan Amount = Home Value × (0.5 + (Age – 60) × 0.01) × (1 – Interest Rate × 0.1)

`; mortgageSteps += `Results:
Estimated Loan Amount: ${loanAmount.toFixed(2)}
`; mortgageSteps += `Tip: Reverse mortgages are often influenced by the age of the borrower, interest rate, and home value. Choose a lender with competitive terms for the best results.`; if (document.getElementById(“calculationStepsMortgage”).style.display === “block”) { document.getElementById(“calculationStepsMortgage”).innerHTML = mortgageSteps; } } function resetReverseMortgage(){ document.querySelectorAll(“#calculator input”).forEach(el => el.value = “”); mortgageSteps = “”; document.getElementById(“calculationStepsMortgage”).innerHTML = “

Not calculated yet.

“; } function toggleMortgageSteps(){ const s = document.getElementById(“calculationStepsMortgage”);