Update balance_transfer_calc.md

Author: pubmania

docs/resources/balance_transfer_calc.md

@@ -10,35 +10,48 @@ hide:
         const balanceTransferFee = parseFloat(document.getElementById("balanceTransferFee").value);
         const balanceTransferDuration = parseInt(document.getElementById("balanceTransferDuration").value);
         const plannedMonthlyPayment = parseFloat(document.getElementById("plannedMonthlyPayment").value);
+        
         // Check if any fields are empty
         if (!amountToTransfer || !balanceTransferFee || !balanceTransferDuration || !plannedMonthlyPayment) {
             document.getElementById("result").innerHTML = "<strong style='color: red;'>Please fill in all fields.</strong>";
             return; // Exit the function if validation fails
         }
+
         // Initialise Variables
         let totalTimeToPay = 0;
         let feePaid = 0;
         const initialAmountToTransfer = amountToTransfer;
+        let counter = 0;
+        let breakdownString = "";
 
         while (amountToTransfer > plannedMonthlyPayment) {
+            counter += 1;
             let amountTransferred = amountToTransfer * (1 + balanceTransferFee / 100);
             let totalTimeRequired = amountTransferred / plannedMonthlyPayment;
 
             if (totalTimeRequired > balanceTransferDuration) {
+                breakdownString += `<li> Amount to balance transfer in <strong>Year ${counter}</strong> with fee included: <strong>£${amountTransferred.toFixed(2)}</strong></li>`;
                 feePaid += amountToTransfer * (balanceTransferFee / 100);
                 amountToTransfer = amountTransferred - (plannedMonthlyPayment * balanceTransferDuration);
-                totalTimeToPay += balanceTransferDuration;
+                totalTimeToPay += 12;
             } else {
                 totalTimeToPay += totalTimeRequired;
                 amountToTransfer = amountTransferred - (plannedMonthlyPayment * totalTimeRequired);
+                let finalPaymentAmountWithFee = plannedMonthlyPayment * totalTimeRequired;
+                breakdownString += `<li> Amount to balance transfer in <strong>Year ${counter}</strong> with fee included: <strong>£${finalPaymentAmountWithFee.toFixed(2)}</strong></li>`;
+                let finalPaymentAmount = finalPaymentAmountWithFee * 0.65;
+                breakdownString += `<li> Amount to finish by one time payment in <strong>Year ${counter}</strong>: <strong>£${finalPaymentAmount.toFixed(2)}</strong></li>`;
             }
         }
 
         // Display results
         const result = `
             To pay off <strong>£${initialAmountToTransfer}</strong> using monthly payments of <strong>£${plannedMonthlyPayment}</strong> with a <strong>${balanceTransferDuration} months</strong> balance transfer renewed until the whole amount is paid off and each renewal has a balance transfer fee of <strong>${balanceTransferFee} %</strong>, one will pay a total fee of <strong>£${feePaid.toFixed(2)}</strong> and will need to make the monthly payment for <strong>${Math.round(totalTimeToPay)} months</strong>. 
             
-            Balance transfer will need to be renewed at least <strong>${Math.round(totalTimeToPay / balanceTransferDuration)} times</strong>.
+            Balance transfer will need to be renewed at least <strong>${Math.round(totalTimeToPay / balanceTransferDuration)} times</strong>.<br><br>
+            
+            <strong>Breakdown</strong>:<br><br>
+            ${breakdownString}
         `;
         document.getElementById("result").innerHTML = result;
     }