Nab Home Loan Borrowing Calculator

NAB Home Loan Borrowing Calculator

Estimate your home loan borrowing capacity based on your income, expenses, and other financial details.

Monthly Income ($) Monthly Expenses ($) Loan Term (Years) Interest Rate (%) Estimated Borrowing Capacity ($) let calculationSteps = “”; const currencySymbol = “$”, fixedCurrency = “USD”; function calculateBorrowingCapacity() { calculationSteps = “”; const income = parseFloat(document.getElementById(“income”).value); const expenses = parseFloat(document.getElementById(“expenses”).value); const loanTerm = parseInt(document.getElementById(“loanTerm”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value); if (isNaN(income) || isNaN(expenses) || isNaN(loanTerm) || isNaN(interestRate) || income <= 0) { alert("Please enter valid positive values for all fields."); return; } // Simple formula for estimating borrowing capacity: (Income – Expenses) * Loan Term * Interest Rate const borrowAmount = (income – expenses) * loanTerm * (1 + interestRate / 100); document.getElementById("borrowAmount").value = formatCurrency(borrowAmount); calculationSteps += `Inputs:
Income: ${formatCurrency(income)}
Expenses: ${formatCurrency(expenses)}
Loan Term: ${loanTerm} years
Interest Rate: ${interestRate}%

`; calculationSteps += `Formula:
Borrowing Capacity = (Income – Expenses) * Loan Term * (1 + Interest Rate%)

`; calculationSteps += `Results:
Estimated Borrowing Capacity: ${formatCurrency(borrowAmount)}
`; if (document.getElementById(“calculationSteps”).style.display === “block”) { document.getElementById(“calculationSteps”).innerHTML = calculationSteps; } } function resetCalculator() { document.querySelectorAll(“#calculator input”).forEach(el => el.value = “”); calculationSteps = “”; document.getElementById(“calculationSteps”).innerHTML = “

Not calculated yet.

“; } function toggleCalculationSteps() { const s = document.getElementById(“calculationSteps”); const a = document.getElementById(“toggleArrow”); if (s.style.display === “none” || s.style.display === “”) { s.style.display = “block”; a.style.transform = “rotate(180deg)”; s.innerHTML = calculationSteps || “

Not calculated yet.

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