function calculate(){ // Get input from user principal = document.getElementById("principal").value; downPayment = document.getElementById("downPayment").value; interestRate = document.getElementById("interestRate").value; mortgageTerm = document.getElementById("mortgageTerm").value; // Calculate the mortgage payment mortgagePmt = (principal-downPayment) * interestRate / (1 - (1/(Math.pow(1+interestRate,mortgageTerm)))) // Put the output in an HTML object called "Payment" if (mortgagePmt > 0) document.getElementById("Payment").innerHTML="<b>Monthly Payment: $</b>"+mortgagePmt; else document.getElementById("Payment").innerHTML="<b>Please check your numbers</b>"; } Zillow Mortgage Calculator Inputs: Principal: Down Payment: Interest Rate: Mortgage Term: How to Use Zillow Mortgage Calculators Trying to figure out what kind of mortgage you can afford, and just how much you'll need to pay each month, is no easy task. But mortgage calculators make the process much more manageable. Zillow mortgage calculators can provide you with useful information about how much you'll pay in monthly mortgage payments, as well as what kind of mortgage and how much money you can afford overall. Zillow mortgage calculators make it easy to compare different mortgage tax scenarios. You can compare different types of mortgages from fixed-rate to adjustable-rate loans, as well as get details about prepayment penalties and how much home insurance you will need. Calculators are also available to figure out the best financing for mortgage refinancing or equity lines of credit. The Benefits of Mortgage Calculators Mortgage calculators can provide you with vital information to make an educated decision when purchasing a home. Using a calculator can help you determine how much money you will need for your down payment and other fees associated with purchasing a home. Taking into account factors such as closing costs, taxes, and insurance, is also essential when determining your budget. Also factored into your mortgage payment is the principal, or the amount of money that is borrowed. The principal is always paid first, then any remaining amount is used for interest payments. Calculators can tell you the amount of the principal and the interest rate based on information you provide. Calculating the Cost of a Mortgage Zillow mortgage calculators make it easy to compare the cost of different mortgages. Using the calculator, you can enter details about the different components of a mortgage, such as the principal, the interest rate, and the loan term. After you enter this information, you can compare different mortgage payment scenarios. This allows you to see exactly how much each mortgage payment will cost before you commit to one. Another useful function of Zillow mortgage calculators is that they can be used to calculate your potential tax liability. The calculator takes into account various taxes, such as local and state taxes, and can give you a more accurate estimate of your monthly mortgage payments. This helps you budget accurately and makes it easier to pick a mortgage loan that fits your budget. Calculators Made Easy With Zillow Using a mortgage calculator is an important first step in finding the right mortgage for you. Zillow's mortgage calculators are user-friendly and can provide you with useful information to help you make an informed decision. Along with providing detailed financial information, Zillow gives you access to real estate agents to secure the best financing for you. By using Zillow mortgage calculators, you can make an informed decision and save time when trying to find the best financing options for your home. Calculators are an invaluable tool for any homebuyer, and Zillow's calculators are simple and user-friendly.