Mortgage Calculator Tool:

Of course, here is a complete mortgage calculator tool implemented in HTML, CSS and JavaScript. This calculator allows users to input the loan amount, interest rate, and loan term, and it calculates the monthly mortgage payment.

Mortgage Calculator Tool

Loan Amount ($):
Annual Interest Rate (%):
Loan Term (years):

Features of This Mortgage Calculator Tool:

• Loan Amount Input: Users can input the loan amount in dollars.
• Interest Rate Input: User can input the interest rate as a percentage.
• Loan Tenure Input: Users can input the loan tenure in years.
• Calculate Button: On clicking this button, the JavaScript function CalculateMonthlyPayment() is triggered.
• Monthly Payment Display: The calculated monthly payment is displayed below the Calculate button.

How it Works:

• The user enters the loan amount, interest rate and loan tenure.
• On clicking "Calculate", the JavaScript function calculateMonthlyPayment() is called.
• This function calculates the monthly payment using the formula for mortgage payments: 𝑀=𝑃[(𝑟(1+𝑟)𝑛/(1+𝑟)𝑛−1)], M=P(1+r)n−1r(1+r)n​, where M is the monthly payment, P is the principal loan amount, r is the monthly interest rate, and 𝑛n is the number of payments (loan term in months).
• The calculated monthly payment is then displayed on the page.