Car Loan Calculator Fees
Loan Details:
Monthly Payment: $0.00
Total Payment: $0.00
Total Interest: $0.00
Total Fees: $0.00
document.getElementById(‘carLoanCalculatorForm’).addEventListener(‘submit’, function(e) {
e.preventDefault();
var loanAmount = parseFloat(document.getElementById(‘loanAmount’).value);
var interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100;
var loanTerm = parseFloat(document.getElementById(‘loanTerm’).value);
var fees = parseFloat(document.getElementById(‘fees’).value);
var monthlyInterestRate = interestRate / 12;
var numberOfPayments = loanTerm * 12;
var monthlyPayment = (loanAmount * monthlyInterestRate) / (1 – Math.pow(1 + monthlyInterestRate, -numberOfPayments));
var totalPayment = monthlyPayment * numberOfPayments;
var totalInterest = totalPayment – loanAmount;
document.getElementById(‘monthlyPayment’).innerText = “Monthly Payment: $” + monthlyPayment.toFixed(2);
document.getElementById(‘totalPayment’).innerText = “Total Payment: $” + totalPayment.toFixed(2);
document.getElementById(‘totalInterest’).innerText = “Total Interest: $” + totalInterest.toFixed(2);
document.getElementById(‘totalFees’).innerText = “Total Fees: $” + fees.toFixed(2);
});
