Monthly Payment Calculator Home

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Monthly Payment Calculator Home

Calculate Your Home Loan Monthly Payment

Enter the details of your home loan to estimate your monthly principal and interest payment.

The total amount you are borrowing for your home.
The yearly interest rate on your loan.
The total number of years to repay the loan.
Estimated annual property taxes.
Estimated annual homeowners insurance premiums.
Optional: Monthly Homeowners Association fees.

Your Estimated Monthly Payment

$0.00
Principal & Interest: $0.00
Taxes: $0.00
Insurance: $0.00
HOA Fees: $0.00
Total Monthly Cost: $0.00
The monthly payment is calculated using the standard mortgage payment formula for principal and interest, then adding monthly estimates for property taxes, homeowners insurance, and HOA fees.

Loan Amortization Schedule

Amortization Details
Month Beginning Balance Payment Principal Paid Interest Paid Ending Balance

Payment Breakdown Chart

What is a Monthly Payment Calculator Home?

A monthly payment calculator home is an essential online tool that helps prospective homeowners and existing homeowners estimate the total cost of owning a property on a monthly basis. It goes beyond just the basic loan repayment by incorporating other crucial costs associated with homeownership, such as property taxes, homeowners insurance, and potentially Homeowners Association (HOA) fees. This calculator provides a comprehensive overview of your recurring housing expenses, making it easier to budget and determine affordability.

Who Should Use a Monthly Payment Calculator Home?

This calculator is invaluable for several groups:

  • First-time Homebuyers: Understanding the full scope of monthly costs is critical when navigating the complex process of buying your first home.
  • Existing Homeowners: Whether considering a refinance, a home equity loan, or simply re-evaluating your budget, this tool can help you predict how changes might affect your monthly outflow.
  • Financial Planners and Advisors: Professionals can use this calculator to model scenarios for their clients.
  • Anyone Budgeting for Housing: Even if you're not actively looking to buy, it's a great way to understand the financial commitment of homeownership.

Common Misconceptions about Monthly Home Payments

  • Misconception 1: The monthly payment is solely the principal and interest (P&I) of the loan. Reality: For most homeowners, P&I is only a portion of the total monthly cost. Taxes and insurance are typically included in an escrow account, managed by the lender and paid on your behalf.
  • Misconception 2: All homes have HOA fees. Reality: HOA fees are common in condominiums, townhouses, and some planned communities but are not universal.
  • Misconception 3: The quoted interest rate is the final cost. Reality: While the interest rate is a major factor, the APR (Annual Percentage Rate) often provides a more complete picture by including certain fees. However, even APR doesn't capture taxes, insurance, or HOA dues.

Monthly Payment Calculator Home Formula and Mathematical Explanation

The monthly payment calculator home typically uses a combination of formulas to arrive at the total monthly housing cost. The core component is the mortgage payment formula for Principal and Interest (P&I), commonly known as an annuity formula. This is then augmented by the monthly prorated costs of taxes, insurance, and HOA fees.

1. Principal and Interest (P&I) Calculation

The formula for the monthly payment (M) of a loan is derived from the present value of an annuity:

M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

Variable Explanations

Variables in the P&I Formula
Variable Meaning Unit Typical Range
M Monthly Payment (Principal & Interest) Currency ($) Varies
P Principal Loan Amount Currency ($) $10,000 – $10,000,000+
i Monthly Interest Rate Decimal (e.g., 0.05/12) 0.00083 (for 1% annual) to 0.167 (for 20% annual)
n Total Number of Payments (Months) Integer (Years * 12) 12 (1 year) to 600 (50 years)

2. Prorated Monthly Costs

These are simpler calculations:

  • Monthly Property Tax: Annual Property Tax / 12
  • Monthly Homeowners Insurance: Annual Homeowners Insurance / 12
  • Monthly HOA Fees: Given directly or calculated if an annual fee is provided (Annual HOA Fee / 12).

3. Total Monthly Payment

The final estimated monthly payment is the sum of all these components:

Total Monthly Payment = M (P&I) + Monthly Property Tax + Monthly Homeowners Insurance + Monthly HOA Fees

Practical Examples (Real-World Use Cases)

Example 1: First-Time Homebuyer

Sarah is buying her first home. She has secured a loan for $350,000 with an annual interest rate of 6.5% for 30 years. Her estimated annual property taxes are $4,200, and her annual homeowners insurance is $1,500. She lives in a community with HOA fees of $120 per month.

  • Loan Amount (P): $350,000
  • Annual Interest Rate: 6.5%
  • Monthly Interest Rate (i): 0.065 / 12 ≈ 0.005417
  • Loan Term: 30 years
  • Total Payments (n): 30 * 12 = 360
  • Annual Property Tax: $4,200
  • Annual Homeowners Insurance: $1,500
  • Monthly HOA Fees: $120

Using the calculator:

  • Estimated Monthly P&I: ~$2,211.19
  • Monthly Property Tax: $4,200 / 12 = $350.00
  • Monthly Homeowners Insurance: $1,500 / 12 = $125.00
  • Monthly HOA Fees: $120.00

Total Estimated Monthly Payment: $2,211.19 + $350.00 + $125.00 + $120.00 = $2,806.19

Financial Interpretation: Sarah knows she needs to budget approximately $2,806.19 per month for her home expenses, excluding utilities and maintenance. This helps her determine if the home fits within her financial goals.

Example 2: Refinancing a Home

John and Lisa are looking to refinance their existing mortgage. They currently owe $250,000 on their home. They found a new loan offer with a 30-year term at a 5.5% annual interest rate. Their property taxes remain the same at $3,600 annually, and insurance is $1,300 annually. They have no HOA fees.

  • Loan Amount (P): $250,000
  • Annual Interest Rate: 5.5%
  • Monthly Interest Rate (i): 0.055 / 12 ≈ 0.004583
  • Loan Term: 30 years
  • Total Payments (n): 30 * 12 = 360
  • Annual Property Tax: $3,600
  • Annual Homeowners Insurance: $1,300
  • Monthly HOA Fees: $0

Using the calculator:

  • Estimated Monthly P&I: ~$1,419.34
  • Monthly Property Tax: $3,600 / 12 = $300.00
  • Monthly Homeowners Insurance: $1,300 / 12 ≈ $108.33
  • Monthly HOA Fees: $0.00

Total Estimated Monthly Payment: $1,419.34 + $300.00 + $108.33 + $0.00 = $1,827.67

Financial Interpretation: Their previous payment for P&I was higher (e.g., $1,600 based on a higher rate). This refinance would lower their total monthly outlay, saving them money each month, which they can allocate to other financial goals or use for additional principal payments to pay down the loan faster.

How to Use This Monthly Payment Calculator Home

Using our monthly payment calculator home is straightforward:

  1. Enter Loan Amount: Input the total sum you need to borrow for the property.
  2. Input Annual Interest Rate: Provide the yearly interest rate offered on the loan. Ensure it's the rate for the loan, not the APR (though APR can be a good benchmark).
  3. Specify Loan Term: Enter the number of years you plan to take to repay the loan. Common terms are 15, 20, or 30 years.
  4. Add Property Tax: Input your estimated annual property tax amount. If unsure, research local tax rates or consult your real estate agent.
  5. Add Homeowners Insurance: Enter your estimated annual homeowners insurance premium.
  6. Include HOA Fees (Optional): If your property is part of a Homeowners Association, enter the monthly fee.
  7. Click "Calculate Payment": The calculator will instantly display your estimated total monthly payment.

How to Read Results

The calculator provides a clear breakdown:

  • Primary Highlighted Result: This is your total estimated monthly housing payment, including P&I, taxes, insurance, and HOA fees.
  • Intermediate Values: These show the individual monthly costs for Principal & Interest, Taxes, Insurance, and HOA fees, allowing you to see where your money is going.
  • Amortization Schedule: This table details how each monthly payment is divided between principal and interest over the life of the loan, showing the declining balance.
  • Payment Breakdown Chart: A visual representation of how your total monthly payment is allocated among the different cost categories.

Decision-Making Guidance

Use the results to:

  • Assess Affordability: Compare the total monthly payment against your budget to ensure it's sustainable. Lenders often use a debt-to-income (DTI) ratio, but personal budgeting is key.
  • Compare Loan Offers: Input details for different loan offers to see which has the lowest overall monthly cost.
  • Negotiate: Understanding these costs can empower you during real estate negotiations.
  • Plan Ahead: Anticipate future costs. Property taxes and insurance premiums can increase over time.

Key Factors That Affect Monthly Payment Results

Several variables significantly influence your calculated monthly payment:

  1. Loan Amount: The larger the amount borrowed, the higher your monthly payments will be, assuming other factors remain constant. This is the most direct driver of your P&I payment.
  2. Interest Rate: A higher interest rate means more of your payment goes towards interest charges, increasing both your monthly P&I and the total interest paid over the life of the loan. Even a small percentage point difference can have a substantial impact.
  3. Loan Term: A longer loan term (e.g., 30 years vs. 15 years) will result in lower monthly P&I payments. However, you'll pay significantly more interest over the life of the loan.
  4. Property Taxes: Higher annual property taxes directly increase your total monthly housing cost. Tax rates vary significantly by location and can be reassessed periodically.
  5. Homeowners Insurance: Increased insurance premiums (due to coverage levels, location risks, or insurer policy changes) will raise your monthly expenses.
  6. HOA Fees: If applicable, these mandatory monthly fees add to your total housing cost. They can also increase over time as determined by the HOA board.
  7. Private Mortgage Insurance (PMI): Although not included in this specific calculator's inputs, PMI is often required for conventional loans with less than 20% down payment. It adds a monthly cost until sufficient equity is built.
  8. Escrow Fluctuations: Lenders often manage escrow accounts for taxes and insurance. If these costs rise, your lender may adjust your monthly payment (often annually) to compensate, potentially leading to a mortgage statement analysis showing a higher payment than initially calculated.

Frequently Asked Questions (FAQ)

Q: What is included in the "Principal & Interest" (P&I) payment?
A: The Principal & Interest payment is the portion of your mortgage payment that directly pays down the amount you borrowed (principal) and the cost of borrowing that money (interest). It is calculated based on your loan amount, interest rate, and loan term.
Q: Does this calculator include Private Mortgage Insurance (PMI)?
A: No, this specific calculator does not include PMI. PMI is typically required for conventional loans when the down payment is less than 20%. It's an additional monthly cost that varies based on your loan amount and creditworthiness.
Q: How are property taxes and homeowners insurance estimated?
A: The calculator uses your *annual* estimates for property taxes and homeowners insurance and divides them by 12 to get a monthly figure. These are estimates; your actual costs may vary and can change annually.
Q: Can this calculator determine my actual mortgage payment?
A: This calculator provides a highly accurate *estimate*. Your actual final mortgage payment may differ slightly due to specific lender fees, exact rounding of interest calculations, and potential changes in escrow account balances for taxes and insurance.
Q: What happens if my property taxes or insurance premiums increase?
A: If your lender handles your taxes and insurance through an escrow account, they will adjust your monthly payment (typically annually) to cover the increased costs. Your total monthly housing expense will go up.
Q: Is a longer loan term always better?
A: A longer loan term (e.g., 30 years) results in lower monthly payments, making homeownership more accessible. However, it also means you pay significantly more interest over the life of the loan compared to a shorter term (e.g., 15 years). The "better" option depends on your financial priorities and cash flow needs.
Q: How do HOA fees affect my monthly payment?
A: HOA fees are an additional monthly cost for homeowners in communities governed by an HOA. These fees cover the maintenance of common areas, amenities, and services. They are added directly to your P&I, taxes, and insurance to determine your total monthly housing expense.
Q: What is the difference between interest rate and APR?
A: The interest rate is the cost of borrowing money. The Annual Percentage Rate (APR) is a broader measure of the cost of borrowing. It includes the interest rate plus certain other fees and costs associated with the loan (like origination fees, points, etc.), expressed as a yearly rate. While APR gives a fuller picture of loan costs, it typically doesn't include ongoing costs like taxes and insurance.

Related Tools and Internal Resources

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Minimum: " + min + ", Maximum: " + max; input.style.borderColor = "#dc3545"; } else { errorElement.textContent = ""; input.style.borderColor = "#ced4da"; // Default border color if (input.value === "") { // If field is cleared, reset error and border errorElement.textContent = ""; input.style.borderColor = "#ced4da"; } } // Immediately trigger calculation if input is valid and other fields are present if (errorElement.textContent === "" && input.value !== "") { calculateMonthlyPayment(); } } function calculateMonthlyPayment() { var loanAmount = parseFloat(loanAmountInput.value); var annualInterestRate = parseFloat(annualInterestRateInput.value); var loanTermYears = parseFloat(loanTermYearsInput.value); var propertyTaxAnnual = parseFloat(propertyTaxAnnualInput.value); var homeInsuranceAnnual = parseFloat(homeInsuranceAnnualInput.value); var hoaFeesMonthly = parseFloat(hoaFeesMonthlyInput.value); var errors = false; var inputs = [loanAmountInput, annualInterestRateInput, loanTermYearsInput, propertyTaxAnnualInput, homeInsuranceAnnualInput, hoaFeesMonthlyInput]; for (var i = 0; i < inputs.length; i++) { var input = inputs[i]; var errorElement = document.getElementById(input.id + "Error"); var value = parseFloat(input.value); var min = 0, max = 10000000; // Default range, will be overridden by validateInput if specific ranges exist if (input.id === "loanAmount") { min = 1000; max = 10000000; } else if (input.id === "annualInterestRate") { min = 0.1; max = 20; } else if (input.id === "loanTermYears") { min = 1; max = 50; } else if (input.id === "propertyTaxAnnual") { min = 0; max = 50000; } else if (input.id === "homeInsuranceAnnual") { min = 0; max = 20000; } else if (input.id === "hoaFeesMonthly") { min = 0; max = 1000; } if (isNaN(value) || value max || input.value === "") { errorElement.textContent = "Invalid input."; input.style.borderColor = "#dc3545"; errors = true; } else { errorElement.textContent = ""; input.style.borderColor = "#ced4da"; } } if (errors) { resultSectionEl.style.display = "none"; amortizationTableSectionEl.style.display = "none"; paymentChartSectionEl.style.display = "none"; return; } var monthlyInterestRate = annualInterestRate / 100 / 12; var numberOfPayments = loanTermYears * 12; var monthlyPI = 0; if (monthlyInterestRate > 0) { monthlyPI = loanAmount * (monthlyInterestRate * Math.pow(1 + monthlyInterestRate, numberOfPayments)) / (Math.pow(1 + monthlyInterestRate, numberOfPayments) – 1); } else { monthlyPI = loanAmount / numberOfPayments; // Handle 0% interest rate } monthlyPI = parseFloat(monthlyPI.toFixed(2)); var monthlyTaxes = parseFloat((propertyTaxAnnual / 12).toFixed(2)); var monthlyInsurance = parseFloat((homeInsuranceAnnual / 12).toFixed(2)); var totalMonthlyHOA = parseFloat(hoaFeesMonthly.toFixed(2)); var totalMonthlyPayment = monthlyPI + monthlyTaxes + monthlyInsurance + totalMonthlyHOA; totalMonthlyPayment = parseFloat(totalMonthlyPayment.toFixed(2)); monthlyPaymentResultEl.textContent = "$" + totalMonthlyPayment.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); principalInterestEl.textContent = "Principal & Interest: $" + monthlyPI.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); monthlyTaxesEl.textContent = "Taxes: $" + monthlyTaxes.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); monthlyInsuranceEl.textContent = "Insurance: $" + monthlyInsurance.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); monthlyHOAEl.textContent = "HOA Fees: $" + totalMonthlyHOA.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); totalMonthlyCostsEl.textContent = "Total Monthly Cost: $" + totalMonthlyPayment.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); resultSectionEl.style.display = "block"; generateAmortizationTable(loanAmount, monthlyPI, monthlyTaxes, monthlyInsurance, totalMonthlyHOA, numberOfPayments, monthlyInterestRate); generateChart(monthlyPI, monthlyTaxes, monthlyInsurance, totalMonthlyHOA, totalMonthlyPayment); } function generateAmortizationTable(principal, monthlyPI, monthlyTaxes, monthlyInsurance, monthlyHOA, numberOfPayments, monthlyInterestRate) { amortizationTableBodyEl.innerHTML = ""; // Clear previous data var currentBalance = principal; var totalInterestPaid = 0; var totalPrincipalPaidOverall = 0; for (var i = 1; i 0) { interestPayment = currentBalance * monthlyInterestRate; } interestPayment = parseFloat(interestPayment.toFixed(2)); var principalPayment = monthlyPI – interestPayment; // Ensure principal payment doesn't exceed remaining balance, especially on the last payment if (principalPayment > currentBalance) { principalPayment = currentBalance; } principalPayment = parseFloat(principalPayment.toFixed(2)); currentBalance -= principalPayment; if (currentBalance < 0) currentBalance = 0; // Ensure balance doesn't go negative totalInterestPaid += interestPayment; totalPrincipalPaidOverall += principalPayment; var row = amortizationTableBodyEl.insertRow(); row.insertCell(0).textContent = i; row.insertCell(1).textContent = "$" + (principal – totalPrincipalPaidOverall + principalPayment).toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); // Beginning Balance row.insertCell(2).textContent = "$" + monthlyPI.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); // Monthly P&I payment row.insertCell(3).textContent = "$" + principalPayment.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); // Principal Paid row.insertCell(4).textContent = "$" + interestPayment.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); // Interest Paid row.insertCell(5).textContent = "$" + currentBalance.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); // Ending Balance } amortizationTableSectionEl.style.display = "block"; } function generateChart(monthlyPI, monthlyTaxes, monthlyInsurance, monthlyHOA, totalMonthlyPayment) { var ctx = paymentBreakdownChartEl.getContext('2d'); // Destroy previous chart instance if it exists if (chartInstance) { chartInstance.destroy(); } var PI_percentage = (monthlyPI / totalMonthlyPayment) * 100; var Taxes_percentage = (monthlyTaxes / totalMonthlyPayment) * 100; var Insurance_percentage = (monthlyInsurance / totalMonthlyPayment) * 100; var HOA_percentage = (monthlyHOA / totalMonthlyPayment) * 100; // If totalMonthlyPayment is 0 or NaN, prevent chart generation if (isNaN(totalMonthlyPayment) || totalMonthlyPayment === 0) { paymentChartSectionEl.style.display = "none"; return; } chartInstance = new Chart(ctx, { type: 'pie', data: { labels: ['Principal & Interest', 'Taxes', 'Insurance', 'HOA Fees'], datasets: [{ data: [monthlyPI, monthlyTaxes, monthlyInsurance, monthlyHOA], backgroundColor: [ '#004a99', // Primary Blue '#28a745', // Success Green (Taxes) '#ffc107', // Warning Yellow (Insurance) '#17a2b8' // Info Cyan (HOA) ], borderColor: '#ffffff', borderWidth: 1 }] }, options: { responsive: true, maintainAspectRatio: false, plugins: { legend: { display: false // We are using a custom legend }, tooltip: { callbacks: { label: function(tooltipItem) { var label = tooltipItem.label || ''; var value = tooltipItem.raw || 0; var percentage = ((value / totalMonthlyPayment) * 100).toFixed(1); return label + ': $' + value.toLocaleString('en-US') + ' (' + percentage + '%)'; } } } } } }); // Update custom legend document.getElementById("legendPrincipal").innerHTML = ' Principal & Interest'; document.getElementById("legendInterest").innerHTML = "; // P&I legend covers both document.getElementById("legendTaxes").innerHTML = ' Taxes'; document.getElementById("legendInsurance").innerHTML = ' Insurance'; document.getElementById("legendHOA").innerHTML = ' HOA Fees'; paymentChartSectionEl.style.display = "block"; } function resetForm() { loanAmountInput.value = "300000"; annualInterestRateInput.value = "6.5"; loanTermYearsInput.value = "30"; propertyTaxAnnualInput.value = "4000"; homeInsuranceAnnualInput.value = "1200"; hoaFeesMonthlyInput.value = "100"; var errorElements = document.querySelectorAll(".error-message"); for (var i = 0; i < errorElements.length; i++) { errorElements[i].textContent = ""; } var inputs = document.querySelectorAll(".loan-calc-container input, .loan-calc-container select"); for (var i = 0; i < inputs.length; i++) { inputs[i].style.borderColor = "#ced4da"; } resultSectionEl.style.display = "none"; amortizationTableSectionEl.style.display = "none"; paymentChartSectionEl.style.display = "none"; } function copyResults() { var resultsText = "Estimated Monthly Home Payment:\n"; resultsText += "———————————–\n"; resultsText += "Total Monthly Cost: " + totalMonthlyCostsEl.textContent + "\n"; resultsText += "Principal & Interest: " + principalInterestEl.textContent.split(': ')[1] + "\n"; resultsText += "Taxes: " + monthlyTaxesEl.textContent.split(': ')[1] + "\n"; resultsText += "Insurance: " + monthlyInsuranceEl.textContent.split(': ')[1] + "\n"; resultsText += "HOA Fees: " + monthlyHOAEl.textContent.split(': ')[1] + "\n"; resultsText += "\n"; resultsText += "Key Assumptions:\n"; resultsText += "Loan Amount: $" + loanAmountInput.value.toLocaleString('en-US') + "\n"; resultsText += "Annual Interest Rate: " + annualInterestRateInput.value + "%\n"; resultsText += "Loan Term: " + loanTermYearsInput.value + " years\n"; resultsText += "Annual Property Tax: $" + propertyTaxAnnualInput.value.toLocaleString('en-US') + "\n"; resultsText += "Annual Homeowners Insurance: $" + homeInsuranceAnnualInput.value.toLocaleString('en-US') + "\n"; resultsText += "Monthly HOA Fees: $" + hoaFeesMonthlyInput.value.toLocaleString('en-US') + "\n"; // Use a temporary textarea to copy text to clipboard var textArea = document.createElement("textarea"); textArea.value = resultsText; textArea.style.position = "fixed"; // Avoid scrolling to bottom of page textArea.style.left = "-9999px"; textArea.style.top = "-9999px"; document.body.appendChild(textArea); textArea.focus(); textArea.select(); try { var successful = document.execCommand('copy'); var msg = successful ? 'Results copied successfully!' : 'Failed to copy results.'; // Optional: Display a temporary confirmation message var tempAlert = document.createElement('div'); tempAlert.textContent = msg; tempAlert.style.position = 'fixed'; tempAlert.style.bottom = '20px'; tempAlert.style.left = '50%'; tempAlert.style.transform = 'translateX(-50%)'; tempAlert.style.backgroundColor = '#007bff'; tempAlert.style.color = 'white'; tempAlert.style.padding = '10px 20px'; tempAlert.style.borderRadius = '5px'; tempAlert.style.zIndex = '10000'; document.body.appendChild(tempAlert); setTimeout(function(){ document.body.removeChild(tempAlert); }, 3000); } catch (err) { console.error('Unable to copy results', err); // Optional: Display an error message var tempAlert = document.createElement('div'); tempAlert.textContent = 'Failed to copy results. Please copy manually.'; tempAlert.style.position = 'fixed'; tempAlert.style.bottom = '20px'; tempAlert.style.left = '50%'; tempAlert.style.transform = 'translateX(-50%)'; tempAlert.style.backgroundColor = '#dc3545'; tempAlert.style.color = 'white'; tempAlert.style.padding = '10px 20px'; tempAlert.style.borderRadius = '5px'; tempAlert.style.zIndex = '10000'; document.body.appendChild(tempAlert); setTimeout(function(){ document.body.removeChild(tempAlert); }, 3000); } document.body.removeChild(textArea); } // Initial calculation on load if default values are present document.addEventListener('DOMContentLoaded', function() { // Check if any input fields have default values set and trigger calculation if (loanAmountInput.value && annualInterestRateInput.value && loanTermYearsInput.value && propertyTaxAnnualInput.value && homeInsuranceAnnualInput.value && hoaFeesMonthlyInput.value) { calculateMonthlyPayment(); } });

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