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Financial Calculators: Mortgages, Loans, Retirement, Debt

Mortgage and Loan Calculators

Debt repayment is driving factor in so many financial decisions. Knowing the true cost of borrowing money is absolutely critical when making financial decisions for the future. Use these mortgage and loan calculators for mortgages and standard installment loans as well as amortization tables. Additionally users can calculate theoretical dollars saved by paying off debt early or by paying more than the minimum.

Retirement Calculators

Prudent retirement planning is vital to any working professional regardless of age. Most experts suggest individuals using a tax deferred retirement vehicle create a nest egg that will allow them to spend 80% of their salary in their last full-time year of work for at least 30 years after retirement. For example, a professional retiring at age 65 and a salary of $100,000 would ideally want to have 2.4 million dollars ($100,000*80%*30 years) saved for retirement. The calculators below show how much you can potentially save for retirement and how long your money will last during retirement.

Debt to Income Calculators

Maintaining an adequate debt load is of the highest importance and the calculator below shows your ratio of debt to your Income. A high ration is an indication that your debt may soon be unmanageable. A high debt load can impact credit score, hinder one’s ability to obtain a loan, and impede the ability to save.

Debt Evaluation Calculator