Planning to meet the financial needs of your survivors is one of the most important
and fundamental steps in creating a sound financial plan for you and your family.
This step may require the purchase of a life insurance policy to ensure that your
family's needs will continue to be met, even after your untimely death cuts your
earnings potential short.
When you're buying a home, mortgage lenders don't look just at your income, assets,
and the down payment you have. They look at all of your liabilities and obligations
as well, including auto loans, credit card debt, child support, potential property
taxes and insurance, and your overall credit rating. Use our home affordability calculator
to determine how much of a mortgage you may be able to obtain.
Over the course of a loan amortization you will spend hundreds, thousands, and maybe
even hundreds of thousands in interest. By making a small additional monthly payment
toward principal, you can greatly accelerate the term of the loan and, thereby, realize
tremendous savings in interest payments. Use our extra payment calculator to determine
how much more quickly you may be able to pay off your debt.
The loan amount, the interest rate, and the term of the loan can have a dramatic
effect on the total amount you will eventually pay on a loan. Use our loan payment
calculator to determine the payment and see the impact of these variables on a specified
loan amount complete with an amortization schedule.
Over the last couple of years with interest rates at a 40-year low, many people refinanced
their mortgages. Even though rates have crept up over the last couple of months,
refinancing may make sense for you. Use our refinance calculator to analyze your
Americans today owe more money than ever before. The fact that “interest never sleeps”
means that the situation will continue to worsen unless steps are taken at the individual
level to reduce or eliminate debt. Additional monthly payments can make a difference
to accelerate the payoff and save yourself hundreds and thousands in interest payments.
Use our calculator to figure out when you can pay off your credit card.
Leasing has become a very popular method of acquiring a new auto. Although the payments
may seem attractive, it may not always be the best financial decision versus purchasing
the vehicle outright and financing it with a low interest loan. Use the following
calculator to help analyze the financial impact of lease versus buy.
Information and interactive calculators are made available to you as self-help tools
for your independent use and are not intended to provide investment advice. We cannot
and do not guarantee their applicability or accuracy in regards to your individual
circumstances. All examples are hypothetical and are for illustrative purposes. We
encourage you to seek personalized advice from qualified professionals regarding
all personal finance issues.
The information provided here is to assist you in planning for your future. Any analysis
is a result of the information you have provided. Material discussed is meant for
general illustration and/or informational purposes only and it is not to be construed
as tax, legal, or investment advice. Although the information has been gathered from
sources believed to be reliable, please note that individual situations can vary
therefore, the information should be relied upon when coordinated with individual
Any rate of return entered into the interactive calculator to project future values
should be a reasonable average return for the period. Rates of return will vary over
time, and generally the higher the rate of return the higher the degree of risk.