WPForms recognizes that simplicity can be the key to user engagement in the finance world. The Mortgage Calculator Form Template embodies this idea, presenting complex mortgage calculations in an easily digestible format.
How Does the Mortgage Calculator Form Template Work?
The Mortgage Calculator Form Template requires the WPForms Pro license since it uses the Calculations Addon, which uses various formulas to auto-calculate different aspects of the mortgage plan. Fields include:
- Home Value: Users can quickly input the estimated value of the home they’re interested in. This forms the basis for further calculations.
- Down Payment: A dedicated field for users to enter the amount they plan to put down. It’s essential for calculating the loan amount.
- Interest Rate: The Number Slider makes it effortless for users to select the desired interest rate, ensuring accuracy and user-friendliness.
- Mortgage Period: With another intuitive Number Slider, users can define the number of years they wish to repay their mortgage.
- Monthly Payment Amount: No manual calculations required here. This field automatically determines what users would pay monthly, offering instant clarity.
- Annual Payment Amount: Another auto-calculated field, providing users with a yearly payment overview. Perfect for those who prefer annual financial planning.
- Total Interest Paid: A transparent insight into the interest costs over the loan’s lifespan. Essential for informed decision-making.
- Total Mortgage Payment: This field gives users a clear picture of their overall payment commitment, including both the principal and the interest.
Sign up with WPForms today to access the Mortgage Form Template and offer your audience a tool that’s not only functional but also incredibly user-friendly. It’s not just about number crunching; it’s about making financial literacy more accessible.