Financial Calculator To help evaluate your alternatives Calculate your mortgage payment This calculator shows the payments, consisting of principal and interest, for a fixed rate loan, using monthly compounding and monthly payments. Input Home purchase price $ Down payment $ Interest rate on mortgage % Amortization term of mortgage years Results Monthly payment Mortgage amount…
Financial Calculator To help evaluate your alternatives College Cost Calculator This calculator provides an estimate of the costs of college along with the amount needed to save each month to fund that cost. Calculating college costs & how much to save monthly Years until college 123456789101112131415161718 Current annual college cost (Currently $23,000 for public in-state,…
Financial Calculator To help evaluate your alternatives Future Value Calculator This calculator determines what an amount will grow to be worth over time at different earnings rates with annual compounding Calculate the future value of a single amount Current value $ Expected earnings rate % Years of accumulation Future value …
Financial Calculator To help evaluate your alternatives Calculate your auto loan payment This calculator shows the payments, consisting of principal and interest, for a fixed rate loan, using monthly compounding and monthly payments. Input Purchase price $ Down payment $ Interest rate on car loan % Length of loan months Results Monthly payment Loan amount…
Financial Calculator To help evaluate your alternatives Future Value of an Annuity Calculator This calculator determines what periodic payments will grow to be worth over time at different earnings rates. The calculator assumes payments are received at the beginning of each year with annual compounding. Calculate the future value of a stream of payments Amount…
Financial Calculator To help evaluate your alternatives Mortgage Refinancing Calculator This calculator helps analyze whether refinancing your current mortgage is appropriate for you. Input for current and new mortgage Current mortgage payment $ Current mortgage amount $ Interest rate on new mortgage % Amortization term of new mortgage years Consider the Costs of Refinancing As…
Financial Calculator To help evaluate your alternatives Present Value Calculator This calculator determines what an amount to be received in the future is worth today at different earnings rates with annual compounding Calculate the present value of an amount to be received in the future Future value $ Rate of return % Years Present value…
Financial Calculator To help evaluate your alternatives Savings Accumulation Calculator This calculator determines how much you need to save each month to reach a savings goal. Save for any reason Amount you want to save $ Interest rate you expect to earn % How many yearsmonths /td> Monthly savings needed Interest is compounded monthly. This…
Financial Calculator To help evaluate your alternatives Present Value of an Annuity Calculator This calculator determines what periodic payments will grow to be worth over time at different earnings rates. The calculator assumes payments are received at the beginning of each year with annual compounding. Calculate the present value of a future stream of payments…
If you are like many, you have used an increase in the value of your home and the equity you have built up as a source of borrowing through a home equity loan. Home equity loans have been attractive because they are relatively simple, flexible, usually only require payments of monthly interest and provide tax…
If you are like most Americans, your mail box is filled with offers for credit cards, mortgage refinancing and home equity loans. Many of those offers stress the benefits of moving existing balances to the new lender. While that may sound appealing, especially if the new loan offers an attractive initial interest rate, it is…
Your Individual Retirement Account (IRA) is one of the four main components of a financially secure retirement. Anyone with wages under the age of 70 ½ can contribute, the annual contribution limits have been increasing and there are tax benefits. Benefits Add Up The amount you can accumulate depends on two factors – what you…
The equity you have in your home can be a powerful tool in managing your overall financial situation. Your equity, the value of your home minus your existing mortgage, can serve as collateral for additional borrowing. Attractions of Home Equity Loans Convenience – It easy to apply and the approval processes can be fast. The…
Finding a mortgage can be a strenuous process. It can seem as though there are dozens of different types with different interest rates, different lengths and other terms. To find the “right” mortgage not only should you consider those items, you should also consider your objectives: How long do you expect to live in the…
It is more than rates, it is your objectives, too. If you are like most people, your home is your most valuable financial asset and your mortgage is your largest debt. Consequently, periodically examining your existing mortgage and potential mortgage options makes sense. As part of this review, be sure to include several factors: …
The size of your mortgage payment is determined by two factors – the interest rate and how much you borrow. There is little you can do to reduce interest rate. However, you can reduce your mortgage payment by having a larger down payment. Using an automatic savings plan is the easiest way to build your…
Credit cards can be a great convenience, but the interest rates charged on unpaid balances are usually much higher than those found with home equity loans. If you have significant credit card debt you should consider paying off the credit card balance by getting a home equity loan. If you itemize your tax deductions you…
Having more money is better than having less money. You may be thinking of a vacation, a new car, an addition to your house, your retirement or just the peace of mind that comes with having a larger balance in your savings account. There is no easier way to save than with an automatic savings…
If a honeymoon is in your plans, you should consider the financial aspects along with all the details of your trip. Those issues are how much is it going to cost, how are you going to pay for it and what steps can you take now so you enjoy your honeymoon even more knowing it…
Add $50,000, $100,000 or even $500,000 to Your Retirement Savings Your personal savings are one of the four building blocks of a financially secure retirement along with your company’s retirement plan, your IRA and Social Security. The amounts you will receive from those last three sources are somewhat out of your control. Social Security benefits…
Adjustable rate mortgages (ARMs) became very popular a few years ago (especially 2002 to 2005) because ARM interest rates, and resulting monthly payments, were significantly less than those found with traditional 30-year fixed rate mortgages. Arms typically have 30 a year amortization schedule and an interest rate that can be adjusted after an initial rate…
If a vacation is in your plans, you should consider the financial aspects along with all the details of your trip. Those issues are how much is it going to cost, how are you going to pay for it and what steps can you take now so you enjoy your vacation even more knowing it…
Buying a new car is exciting. You will probably drive several cars to find the one you want and ultimately drive home with a sense of pride and satisfaction. But the process of buying can be stressful with the pressure of dealing with the sales person and handling all the financial aspects of the actual…