Mortgage Loan Calculator Payment

.calculator-container {
font-family: -apple-system, BlinkMacSystemFont, “Segoe UI”, Roboto, Helvetica, Arial, sans-serif;
max-width: 800px;
margin: 20px auto;
padding: 25px;
border: 1px solid #e0e0e0;
border-radius: 12px;
background-color: #ffffff;
box-shadow: 0 4px 20px rgba(0,0,0,0.08);
}
.calculator-container h2 {
color: #1a1a1a;
margin-top: 0;
font-size: 24px;
text-align: center;
border-bottom: 2px solid #f0f0f0;
padding-bottom: 15px;
}
.input-grid {
display: grid;
grid-template-columns: 1fr 1fr;
gap: 20px;
margin-bottom: 25px;
}
.input-group {
display: flex;
flex-direction: column;
}
.input-group label {
font-size: 14px;
font-weight: 600;
color: #444;
margin-bottom: 8px;
}
.input-group input {
padding: 12px;
border: 1px solid #ccc;
border-radius: 6px;
font-size: 16px;
}
.input-group input:focus {
border-color: #0073aa;
outline: none;
box-shadow: 0 0 0 2px rgba(0,115,170,0.1);
}
.calc-btn {
background-color: #0073aa;
color: white;
padding: 15px 30px;
border: none;
border-radius: 6px;
font-size: 18px;
font-weight: bold;
cursor: pointer;
width: 100%;
transition: background-color 0.2s;
}
.calc-btn:hover {
background-color: #005177;
}
.result-box {
margin-top: 25px;
padding: 20px;
background-color: #f9f9f9;
border-radius: 8px;
text-align: center;
}
.result-box h3 {
margin: 0;
font-size: 18px;
color: #555;
}
.main-payment {
font-size: 36px;
font-weight: 800;
color: #0073aa;
margin: 10px 0;
}
.breakdown {
display: flex;
justify-content: space-around;
margin-top: 15px;
font-size: 14px;
border-top: 1px solid #ddd;
padding-top: 15px;
}
.article-section {
margin-top: 40px;
line-height: 1.6;
color: #333;
}
.article-section h3 {
color: #1a1a1a;
margin-top: 25px;
}
@media (max-width: 600px) {
.input-grid {
grid-template-columns: 1fr;
}
}

Car Lease Payment Calculator

How Car Lease Payments Are Calculated

Unlike a traditional car loan where you pay for the entire value of the vehicle, a lease only charges you for the portion of the car’s value that you “use up” during the term. This is why lease payments are typically lower than loan payments.

The calculation is broken down into three primary components:

• Depreciation Fee: This is the (Adjusted Capitalized Cost minus the Residual Value) divided by the number of months in the lease.
• Finance Fee (Rent Charge): Calculated by adding the Adjusted Capitalized Cost and the Residual Value, then multiplying by the Money Factor.
• Sales Tax: Most states apply sales tax to the monthly payment rather than the total price of the vehicle.

Example Lease Scenario

Imagine you are leasing a car with an MSRP of $40,000 and a negotiated sale price of $38,000. If you put $3,000 down and the 36-month residual value is 60% ($24,000), your depreciation is $11,000 ($38,000 – $3,000 – $24,000). Divided by 36 months, your base depreciation is $305.56. Add the rent charge and taxes to get your final “out-the-door” monthly cost.

What is a Money Factor?

The money factor is essentially the interest rate on a lease, expressed differently. To convert a money factor to a standard APR, multiply it by 2400. For example, a money factor of 0.00125 is equivalent to a 3% APR.

Tips for Getting a Better Lease Deal

To lower your monthly payment, focus on negotiating a lower “Sale Price” (Capitalized Cost) and look for vehicles with high “Residual Values.” A higher residual value means the car holds its worth better, resulting in a smaller depreciation gap for you to pay off.

function calculateLease() {
var msrp = parseFloat(document.getElementById(‘msrp’).value);
var salePrice = parseFloat(document.getElementById(‘salePrice’).value);
var downPayment = parseFloat(document.getElementById(‘downPayment’).value) || 0;
var tradeIn = parseFloat(document.getElementById(‘tradeIn’).value) || 0;
var term = parseFloat(document.getElementById(‘leaseTerm’).value);
var residualPercent = parseFloat(document.getElementById(‘residualRate’).value);
var moneyFactor = parseFloat(document.getElementById(‘moneyFactor’).value);
var taxRate = parseFloat(document.getElementById(‘taxRate’).value) || 0;
if (isNaN(msrp) || isNaN(salePrice) || isNaN(term) || isNaN(residualPercent) || isNaN(moneyFactor)) {
alert(“Please enter valid numbers in all required fields.”);
return;
}
// 1. Calculate Residual Value
var residualValue = msrp * (residualPercent / 100);
// 2. Adjusted Capitalized Cost
var adjCapCost = salePrice – downPayment – tradeIn;
if (adjCapCost <= residualValue) {
alert("The Adjusted Capitalized Cost must be higher than the Residual Value. Please check your inputs.");
return;
}
// 3. Monthly Depreciation
var monthlyDepreciation = (adjCapCost – residualValue) / term;
// 4. Monthly Rent Charge
var monthlyRent = (adjCapCost + residualValue) * moneyFactor;
// 5. Subtotal
var subtotal = monthlyDepreciation + monthlyRent;
// 6. Tax
var monthlyTax = subtotal * (taxRate / 100);
// 7. Total Payment
var totalPayment = subtotal + monthlyTax;
// Display Results
document.getElementById('result').style.display = 'block';
document.getElementById('monthlyPayment').innerText = '$' + totalPayment.toFixed(2);
document.getElementById('depreciationPart').innerText = '$' + monthlyDepreciation.toFixed(2);
document.getElementById('rentPart').innerText = '$' + monthlyRent.toFixed(2);
document.getElementById('taxPart').innerText = '$' + monthlyTax.toFixed(2);
}