Personal Finance Calculators

Personal Finance Calculators are great tools to help you manage your personal finance decisions. These calculators can assist you in developing savings strategies, analyzing loans and mortgage differences, credit card payment strategies, debt reduction plans, budget category comparisons, cash flow measurement and personal financial net worth.


Budget Calculators

Expense Percentage Calculator

This calculator will help you to determine what percentage of your income you are currently spending on each of your various expense categories (food, clothing, etc.).

Budget Percent Calculator

Here are suggested percentage guidelines based on net income compiled by Dave Ramsey, author of Financial Peace(Viking, 1997, $21.95) which he says are only recommended percentages and will change dramatically if you have a very high or very low income.

Cash Flow Calculator

This calculator was designed to convert all inflows and outflows into their monthly equivalents making it easier to see how much you can really afford to spend during any given month. And because your household is just as much a business as any traditional business, the various sections of the calculator have been set up in the same way most businesses would set up their cash flow worksheet.

Credit Card Calculators

Credit Card Minimum Payment Interest Calculator

This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill — that is, assuming you stop charging any more to it. After seeing the shocking figures this calculator will generate, I doubt you’ll want to continue allowing the credit card companies to build your swimming pool in their backyards. And as you will see from the calculated results, it’s not just the interest charges you’re losing, you’re also losing the interest you could be earning on those charges if you were investing them rather than paying them to the credit card company!

Credit Line Qualification Calculator

This calculator will estimate how large of a credit line you may be able to qualify for, for up to four lender Loan-to-Value ratios (percent of the value of the home a lender is willing to loan out).

Debt Calculators

Debt Calculator

This calculator will estimate the amount of time it will take to pay off a given debt. Plus, it will also tell you the average monthly interest you will pay between now and when the debt is paid off.

Debt Ratio Calculator

Use this calculator to determine your debt to income ratio. Generally speaking, a debt ratio greater than or equal to 40% indicates you are not a good risk for lending money to.

Debt Payoff Calculator

This calculator will compute how much you will need to pay each month in order to pay off a given debt by a selected payoff-goal date.

Debt Consolidation Calculator

This calculator will show you how consolidating your high-interest debt into one lower-interest loan can reduce your monthly payments and provide you with income tax savings at the same time.

Accelerated Debt Payoff Calculator

This calculator will show you how much time and money you could save by paying off your debts using the “rollover” method. Using the rollover method, as each smaller debt is paid off, the freed-up payment amount is then applied to the next larger debt, and so on until all debts are paid off. As you are about to see, the rollover method can save you a ton of money in interest charges, and get you debt-free in a very short period of time.

Loan Calculators

Loan Payment Calculator

This calculator will help you to determine the current balance of a loan when payments that have been made have been different from those stipulated in the original loan terms. This may be especially helpful if you have sold something on Contract for Deed, but the borrower has not made the regular payments as stipulated by the loan agreement.

Loan Balance Calculator

This calculator will help you to determine the current balance of a loan when payments that have been made have been different from those stipulated in the original loan terms. This may be especially helpful if you have sold something on Contract for Deed, but the borrower has not made the regular payments as stipulated by the loan agreement.

Loan Comparison Calculator

This calculator will calculate the monthly payment and interest costs for up to four loans — all on one screen — for comparison purposes.

Bi-Weekly or Monthly Loan Calculator

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 you’re about to discover, you will certainly notice the “increased” cash flow that will occur when you pay your mortgage off way ahead of schedule!

Auto Lease vs. Buy Calculator 

To choose between a vehicle lease or loan, you’ll need to compare your total costs over the term of the arrangement. This calculator will give you a rough estimate of the costs involved, as well as a comparison between “lost interest” costs related to your initial expenses. It will even calculate your estimated monthly lease payment and/or your monthly loan payment if necessary.

Auto Loan Rate Calculator

This calculator will help you to compare monthly payments and interest costs of auto loans at up to five term and rate combinations simultaneously.

Fixed Vs. Minimum Payment Calculator

This calculator will show you how much interest you will end up paying if you choose to make the minimum monthly payments, or if you choose to make fixed monthly payments.

Mortgage Calculators

Mortgage Rate Comparison Calculator

This calculator will help you to compare monthly payments and interest costs of home mortgages at up to five interest rates simultaneously.

Adjustable-Rate Mortgage Calculator

This calculator will help you to determine what your adjustable-rate mortgage payment will be.

ARM vs Fixed Mortgage Calculator

This calculator will help you to compare a fixed-rate mortgage with both fully amortizing and interest-only adjustable-rate mortgages (ARMs).

Bi-Weekly Mortgage Calculator

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 you’re about to discover, you will certainly notice the “increased” cash flow that will occur when you pay your mortgage off way ahead of schedule!

Mortgage Qualification Calculator

This calculator will help you to determine how much house you can afford and/or qualify for.

Mortgage Refinancing Calculator

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Rent vs. Buy Calculator

This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Renter Mortgage Affordability Calculator

This calculator will estimate the size of a mortgage you could afford based on the size of your monthly rent payment, the downpayment you could afford, and the anticipated property taxes and homeowner’s insurance.

Mortgage Consolidation and Refinancing Calculator

This calculator will help you to decide whether or not it would be advantageous for you to refinance either a single mortgage or the consolidation of a first and second mortgage, into a single mortgage. Not only will this calculator calculate the monthly payment and net interest savings (if applicable), but it will also calculate how many months it will take to break even on the closing costs (if applicable).

Net Worth Calculator

Net Worth Calculator

This calculator was designed to help you to take a “picture” of your current financial condition. Whereas an income and expense statement shows you your financial picture for a period of time (month, year, etc.), this Net Worth Calculator will show you your financial picture at a single point in time (a specific date). That way, if you compute your Net Worth now, and then again 3 months from now, you will be able to tell whether your financial picture is improving or getting worse.

Savings Calculators

Retirement Savings Calculator

This calculator will help you to estimate the amount of money you will need to have saved by retirement age in order to meet your desired retirement income goals — along with estimating how much you need to be setting aside now in order to fully fund your plan. You have the option of factoring in inflation, up to three post-retirement incomes, and a one-time benefit (sale of home, etc.). You can also print out retirement planning reports for any number of what-if scenarios.

College Funding Calculator

This calculator will help you to determine how much money you need to invest on a monthly basis now, in order to be able to pay for your child’s college education by the time they are ready to start college. The calculator allows you to choose between In-State and Out-of-State, between Resident and Commuter and between Public or Private — and adjusts the estimated costs according to those selections. Plus, the calculator even adjusts the future cost of attending college based on your own estimated rate of inflation.

Transportation Savings Calculator

This calculator will help you to determine any savings that might occur if you were to choose a transportation alternative (walking, biking, bus ride, etc.) to driving your car. You can either compute your savings for a one-time trip or for multiple reoccuring trips over any number of years. Plus, you can choose whether to compute the savings using the Gasoline Method (cost of gasoline only) or using the Mileage Method(average cost per mile to own, operate, maintain and insure your car. The default is 55 cents per mile which reflects the IRS’s allowance for using your car for business purposes).

Car Operating Cost Calculator

This calculator will help you to estimate the cost of owning and operating your car.

Savings Goal Calculator

Use this calculator to figure how much your current savings will grow and how much more you’ll need to save each month in order to achieve a given savings goal within a given number of years. Start with Line 1 and enter your future savings goal.

Generic Brand/Store-brand Savings Calculator

This calculator will show you how much money 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 or store-brand). 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!

Car Cost Comparison Calculator

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.

Life Insurance Calculator

This calculator will help you to decide how much life insurance you need if your survivors invest the life insurance benefits they receive.

Periodic Savings Deposit Calculator

This calculator will help you to determine the after-tax future value of a periodic investment in today’s dollars.

Tax Benefits Calculator

This calculator will help you to estimate the tax benefits of buying a home versus renting.

Quit Smoking Savings Calculator

This calculator will help you to estimate the tax benefits of buying a home versus renting.

HSA Contribution Calculator

This calculator will help you to determine how much, if anything, you can contribute to a Health Savings Account (HSA). An HSA is a tax-exempt trust or custodial account that you set up with a U.S. financial institution in which you can save money exclusively for future medical expenses. This account must be used in conjunction with a High Deductible Health Plan (HDHP).

HSA Tax Savings Calculator

This calculator will help you to determine the estimated annual tax savings from your contributions to a Health Savings Account (HSA).