Capitec Home Loan Calculator

let loanSteps = “”; const currencySymbol = “R”, fixedCurrency = “ZAR”; function calculateHomeLoan(){ loanSteps=””; 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); loanSteps += `Inputs:
Loan Amount: ${formatCurrency(loanAmount)}
Interest Rate: ${(interestRate * 100).toFixed(2)}%
Loan Term: ${loanTerm} years

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

`; loanSteps += `Results:
Monthly Repayment: ${formatCurrency(monthlyRepayment)}
`; loanSteps += `Tip: Consider adjusting the loan term or interest rate to find a repayment option that suits your budget.`; if (document.getElementById(“calculationStepsLoan”).style.display === “block”) { document.getElementById(“calculationStepsLoan”).innerHTML = loanSteps; } } function resetHomeLoan(){ document.querySelectorAll(“#calculator input”).forEach(el => el.value = “”); loanSteps = “”; document.getElementById(“calculationStepsLoan”).innerHTML = “

Not calculated yet.

“; } function toggleLoanSteps(){ const s = document.getElementById(“calculationStepsLoan”); const a = document.getElementById(“toggleArrowLoan”); if (s.style.display === “none” || s.style.display === “”) { s.style.display = “block”; a.style.transform = “rotate(180deg)”; s.innerHTML = loanSteps || “

Not calculated yet.

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