Financial Calculators

Financial Calculators

Our financial calculators can help you better understand your finances so you can make the best choices to plan your future. Use our free calculators to find out how certain financial decisions affect your budget, how much home you can afford, and much more. Mortgage Calculators How Much House Can I Afford? Calculator Rent vs. […]

  • Mar 10, 2016

Credit Card Payoff Calculator

Because interest rates tend to be considerably higher for credit cards than the secured debt associated with car and home loans, you’ll likely want to pay off credit card debt first. Compiling the necessary monthly payments to make that happen can help you fine tune your budgeting. Use our Credit Card Payoff Calculator to help […]

  • Mar 10, 2016

Savings Calculator

Do you want to buy a house? Pay cash for a car or the dream of a lifetime? Ensure your retirement is secure? Whatever you’re saving for, it can be difficult to know how much you need to set aside every month to achieve your goal. Our Savings Calculator can help you estimate how much […]

  • Dec 10, 2015

When Should I Start Saving for Retirement? (Calculator)

When is it too late to start saving for retirement? When is it too early? The answer to both questions is — never! However, the sooner you begin saving for retirement, the bigger you can grow your nest egg by the time you retire. Use our Retirement Timing Calculator to get an idea of how […]

  • Nov 01, 2015

Budget Calculator

If you really want to take control of your finances, it’s important to compile a detailed list of where your money actually goes every year. The results may surprise you, but the truth will set you free. Note that in general, lenders expect your debt to represent 36 percent or less of your monthly pre-tax […]

  • Oct 15, 2015

Retirement Calculator

No one wants to think they could outlive their retirement savings, so it’s important to begin saving for retirement as early as possible in your working life. Our Retirement Savings Calculator can help you understand if you’re saving enough today to thank yourself tomorrow and achieve your retirement goals or if your current savings plan […]

  • Oct 15, 2015

Debt-To-Income Ratio Calculator

Do you have too much debt in the eyes of lenders? One measure is your debt-to-income ratio. Some consider that number as important as your credit score, and it will be evaluated if you ask for a loan or additional credit. A low DTI ratio, which is generally less than 36, shows you have a […]

  • Sep 15, 2015

Credit Card Transfer Calculator

If you carry a balance on one or more credit cards, you may wonder if you could save money by transferring a balance to a card with a lower interest rate. Would you be able to pay off your balance sooner if more of your payment goes toward principle than interest? Adding a card also […]

  • Sep 01, 2015

Debt Consolidation Calculator

People consider debt consolidation for many reasons, including replacing multiple, high-interest monthly payments with a single one at a lower rate. Consolidating debt into one fixed-rate loan might save you money, simplify payments and improve your debt-to-income ratio in the eyes of future lenders. Our Personal Debt Consolidation Calculator can help you decide whether a […]

  • Aug 16, 2015

Student Loan Repayment Calculator

Student loans can open a door to higher education for many, but will you be able to repay your loans when they come due after you graduate? As of 2013, the most recent year for which figures are available, nearly 14% of student loans were in default, according to the National Center for Education Statistics.1 […]

  • Aug 15, 2015

College Savings Calculator

College costs continue to increase, so it’s important to start saving early when planning for your child’s (or your own) college education. Every dollar you save toward college tuition is a dollar less you may have to borrow down the road, plus the interest on college savings can help build your college fund more quickly. […]

  • Aug 01, 2015

Home Equity Line of Credit Calculator

You might’ve heard others talk about borrowing against the equity in their homes. Your home equity is the difference between the fair market value of your house and what you still owe on your home. For example, if your home is valued at $200,000 and you owe the mortgage company $175,000, your home equity would […]

  • Jul 15, 2015

Mortgage Tax Savings Calculator

Home ownership comes with many advantages, including tax benefits. If you itemize deductions on your federal income tax return, you can deduct the interest on your mortgage. The savings can be significant. Of course, you should consult a tax professional about deductions, but our Mortgage Tax Savings Calculator can help you get an idea of […]

  • Jun 15, 2015

Rent vs. Buy a Home Calculator

Is it always a waste of money to rent if you can afford to buy a home instead? Is buying a home the right housing move for everyone? Many factors can influence the decision to buy a house or continue renting, and you should weigh them all carefully before making a choice. Our Home Option […]

  • Jun 01, 2015

Mortgage Refinance Calculator

If you first got your home mortgage when interest rates were high — or at least higher than they are right now — you might be considering refinancing to secure a lower interest rate. Will refinancing reduce your monthly mortgage payment and/or save you money over the life of the loan? Our Mortgage Refinance Calculator […]

  • May 15, 2015

How Much House Can I Afford? (Calculator)

No one wants to hear “no” from a mortgage company, or wind up with a mortgage payment they’ll struggle with each month. Mortgage companies consider income, assets, down payment, current debts (like auto loans and credit cards), property taxes, insurance and your credit rating. Our Home Affordability Calculator can help you understand how much you […]

  • May 01, 2015

Fixed vs. Adjustable Rate Mortgage (ARM) Calculator

It’s one of the great mortgage questions every homebuyer must ponder — do you go for a fixed-rate loan or an adjustable-rate mortgage (ARM)? Your choice can affect not only the total amount of mortgage interest you pay over the life of the loan, but your monthly mortgage payment and your ability to make that […]

  • Apr 30, 2015

Auto Loan Refinance Calculator

If you choose to refinance your current auto loan, you may be able to secure a lower interest rate without increasing the remaining term. This makes refinancing an attractive option, but is it right for you? Our Auto Loan Refinance Calculator can help you answer that question. Explore it to see what monthly savings are […]

  • Apr 15, 2015

Should I Lease or Buy a Car? (Calculator)

To buy or to lease, that’s the question facing many people shopping on the auto market. While buying represents the conventional line of thought, leasing has become more attractive in recent years. Although the payments may seem enticing, leasing may not always be the best decision. In fact, sometimes it is actually better to buy […]

  • Apr 14, 2015

How Much Car Can I Afford? (Calculator)

How much vehicle can you afford? That’s the question you can’t ignore when shopping for a new car. Though all those options, colors and various sizes are nice, none of them will matter if you can’t make the payments. So, how much vehicle can you afford? Experts suggest your vehicle should account for no more […]

  • Apr 01, 2015