Wordpress payment calculator

• Project ID:

  786355

• Project Type:

  Fixed

• Budget:

  $250-$750 USD
  

Project Description:

We would like to have a payment calculator created for a rent to own real estate client.

The plugin must work with wordpress powered site and allow clients to enter the details of a property they are interested in, how long they want the contract to be (2 or 3 years) and have the calculator tell them what deposit is required, what their monthly payments will be, what portion of the monthly payments will be "saved" for them in the form of rent credits and the sum that is left over must be highlighted as their actual rent payment.

It should combine the "rent credits" with the deposit and tell the client how much they would have saved up in 2 years, 3 years or 4 years.

Lastly, the plugin should generate the approximate cost we pay out of pocket for land transfer fees, legal costs and property taxes

On the backend we need to be able to control what the monthly payment will be per $100,000 in house value, what percentage of said monthly payment will be put aside as "rent credits", what the down payment will be as either a fixed minimum fee or as a percentage of the sale price of the house. As well as the percentage per $100,000 in land transfer fees and a fixed legal cost.

I know all the above is confusing so I will try and lay it out clearly:

Client visits the calculator and enters that they want to buy a $150,000 house.

The calculator will know that we charge $750 per $100,000 so the monthly payment is $1125

We have a 20% rent credit so the calculator tells the client that $225 per month is put aside for them and that after deducting their rent credit from the monthly payment their actual cost to rent the home is $900/month

The calculator will know we charge a $5000 deposit and will tell the client they need $5000 or if set to a percentage calculation then the script would tell the client they need X% of a deposit.

For the 2 year contract the calculator would add the rent credits x 24 and the deposit required and tell the client how much they would have saved up, the same goes for a 3 year contract but with rent credits x 36.

Then our list of expenses:

Property taxes for the length of the contract as defined in the back end, the fixed price legal fees and land transfer fees as defined in the back end.

If you have any questions feel free to ask. I have set the budget high because I am unsure how much this project should cost. If the bidding is to high then the client will not go ahead with the project. Payment will be made in milestones with at least 25% being held back until the final script is installed,tested and deemed usable (bug free).

Thank you for your time

Skills required:

AJAX, PHP, Wordpress