Wfg National Title Rate Calculator
function calculateTitleRate() {
var transactionAmount = parseFloat(document.getElementById("transactionAmount").value);
var loanAmount = parseFloat(document.getElementById("loanAmount").value);
var propertyTypeMultiplier = parseFloat(document.getElementById("propertyType").value);
var endorsements = parseInt(document.getElementById("endorsements").value) || 0;
var baseRatePercentage = parseFloat(document.getElementById("baseRatePercentage").value) / 100; // Convert percentage to decimal
var resultElement = document.getElementById("result");
resultElement.innerHTML = ""; // Clear previous results
// Validate inputs
if (isNaN(transactionAmount) || transactionAmount <= 0) {
resultElement.innerHTML = "Please enter a valid Transaction Amount.";
return;
}
if (isNaN(loanAmount) || loanAmount <= 0) {
resultElement.innerHTML = "Please enter a valid Loan Amount.";
return;
}
if (isNaN(endorsements) || endorsements < 0) {
resultElement.innerHTML = "Please enter a valid number of Endorsements (0 or more).";
return;
}
if (isNaN(baseRatePercentage) || baseRatePercentage < 0) {
resultElement.innerHTML = "Please enter a valid Base Rate Percentage (0 or more).";
return;
}
// — Simplified Title Rate Calculation Logic —
// This is a hypothetical calculation. Actual WFG rates would be based on their specific
// rate manuals, state-specific regulations, and potentially tiered structures.
// Base premium calculation (using loan amount as primary driver for lender's policy)
var basePremium = loanAmount * baseRatePercentage;
// Adjust for property type
var adjustedPremium = basePremium * propertyTypeMultiplier;
// Add a nominal fee for each endorsement (this is a simplification)
var endorsementCostPer = 150; // Hypothetical cost per endorsement
var totalEndorsementCost = endorsements * endorsementCostPer;
// Total estimated title rate
var totalTitleRate = adjustedPremium + totalEndorsementCost;
// Ensure the result is not negative (though unlikely with this logic)
totalTitleRate = Math.max(0, totalTitleRate);
// Display the result
resultElement.innerHTML = "Estimated Title Rate: $" + totalTitleRate.toFixed(2) + "";
}
.calculator-widget {
font-family: sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 600px;
margin: 20px auto;
background-color: #f9f9f9;
}
.calculator-title {
text-align: center;
color: #333;
margin-bottom: 20px;
}
.calculator-inputs {
display: grid;
grid-template-columns: repeat(auto-fit, minmax(200px, 1fr));
gap: 15px;
margin-bottom: 20px;
}
.input-group {
display: flex;
flex-direction: column;
}
.input-group label {
margin-bottom: 5px;
font-weight: bold;
color: #555;
}
.input-group input,
.input-group select {
padding: 8px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 1rem;
}
.calculator-widget button {
display: block;
width: 100%;
padding: 10px 15px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
font-size: 1.1rem;
cursor: pointer;
transition: background-color 0.3s ease;
margin-bottom: 20px;
}
.calculator-widget button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 20px;
padding: 15px;
background-color: #e9ecef;
border: 1px solid #ced4da;
border-radius: 4px;
text-align: center;
font-size: 1.2rem;
font-weight: bold;
color: #0056b3;
}
.calculator-result p {
margin: 0;
}
.calculator-explanation {
margin-top: 30px;
border-top: 1px solid #eee;
padding-top: 20px;
font-size: 0.95rem;
line-height: 1.6;
color: #444;
}
.calculator-explanation h3 {
color: #333;
margin-bottom: 10px;
}
.calculator-explanation p,
.calculator-explanation strong {
margin-bottom: 10px;
display: block;
}