Enter your details and select the "Calculate" button.
This calculator will show you how much you will save if you make 1/2 of your mortgage payment every two weeks instead of making a full mortgage payment once a month. In effect, you will be making one extra mortgage payment per year--without hardly noticing the additional cash outflow. But, as your about to discover, you will certainly notice the increased cash flow that will occur when you pay your mortgage off way ahead of schedule!
This calculator will help you to compare the total interest charges of four different loans.
Instructions: To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "compute." Use the other three rows to see what effects are produced by changing any one of the loan's original variables.
Car Cost Comparison
When buying a car most people fail to consider ALL of the expenses that will be generated by their purchase. And because nearly all car buying scenarios come with different variables (depreciation rates, interest rates, purchase prices, insurance costs, mpg ratings, etc.), it becomes extremely difficult to compare one buying scenario with another...until now that is.
This calculator will not only help you to forecast the REAL COST of buying and owning a car, but it will also help you to more accurately compare the real cost of one car buying scenario with the real cost of a second car buying scenario.
Instructions Shortcut: Fill in all the blanks in the Scenario #1 column and then click on "Compute Purchase & Ownership Costs." This will automatically copy Scenario #1 values into the Scenario #2 column.
Minimum Payment (Credit Card)
This calculator will show you how much MinPayinterest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).
Instructions: Somewhere in your credit card disclosure statement the card company will tell you something like "your minimum payment will be 2% of the balance or $10, whichever is higher. These are the figures you will enter in Column C and Column D respectively.
Instructions: Enter the current payment terms for any one of your outstanding debts, then enter an amount you could comfortably add to the payment. Finally, click on "Compute" to see what the return on your investment will be.
This calculator will show you the Forgone interest Earnings that will result after spending a given dollar amount on a non-appreciating, non-necessary purchase.
Future Value (Periodic Payments)
This calculator will show you how much interest you will earn over a given period of time; at any given interest rate; based on an initial investment plus a fixed monthly addition. The calculator compounds monthly and assumes deposits are made at the beginning of each month.
Increase Your Wage
If you work one hour and spend that hour's entire wage on a non-necessary, non-appreciating purchase, you have effectively limited the value of one hour's wage to its face value. On the other hand, if you were to invest all or part of the one hour's wage into an interest earning investment, this would serve to increase that hour's wage by an amount equal to the total interest earned by the investment. In other words, the person who is ultimately responsible for setting your hourly wage rate is not your boss--it's YOU!
The calculator below will calculate the future value of your hourly wage based on the portion invested, the annual rate of return, and the number of years invested.
This calculator will show you how much you'll save over the course of your lifetime when permanently switching from any given high priced buying habit (name brand) to its functional, less expensive equivalent (generic). Plus, it will also show you how much interest you could earn if you were to invest all or part of those savings as you realized them. As you're about to see, "a penny saved" can REALLY ADD UP!