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Financial Tools

These calculators have been provided as a resource for you to help plan your financial matters. Enter your criteria and you will find answers with dynamic graphs and personalized reports.

Budget

  • ▶ Does inflation impact my standard of living?

    How does inflation impact my standard of living?

    Inflation can erode purchasing power. For example, a dollar today cannot buy the same amount of goods and services it could 20 years ago. It will continue to erode purchasing power in the future. Use this calculator to determine the impact inflation may have on your standard of living.

    Assumptions
    Number of years for the analysis 
    Estimated inflation rate (%)help
    Monthly or annual figures? 
    Expenses
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Charitable contributions ($) 
    Other and miscellaneous expenses ($) 
  • ▶ How much am I spending?

    How much am I spending?

    Where does all the money go? An itemization of your living expenses may help you budget better and plan for future expenses. Use this calculator to help you recall and itemize your living expenses.

    Assumptions
    Monthly or annual figures? 
    Expenses
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Charitable contributions ($) 
    Other and miscellaneous expenses ($) 
  • ▶ How much do I need for emergencies?

    How much do I need for emergencies?

    It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.

    Assumptions
    Current gross monthly income ($) 
    Current emergency funds available ($) 
    Number of months for funds to last 
    Before tax return on savings (%)help
    Marginal tax bracket (%)help
    Number of months to accumulate funds 
    Expenses
    Total monthly living expenses, if plan to itemize below then leave at 0. ($) 
    Or Itemize Monthly
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Charitable contributions ($) 
    Other and miscellaneous expenses ($) 
  • ▶ Should I pay down debt or invest more?

    Should I pay down debt or invest my monthly surplus?

    When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to retire debt. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest. However, remember to consider the inherent riskiness of the investment you select (i.e. you may lose the money you invest yet still have obligations to pay back the liability). Use this calculator to help analyze your situation.

    Rates and Assumptions
    Interest rate on debt (%) 
    Is the interest deductible? 
    Before tax return on investment (%)help
    Is the interest taxable? 
    Marginal tax bracket (%)help
    Monthly funds available ($) 
  • ▶ How long will my money last?

    How long will my money last with systematic withdrawals?

    You have worked hard to accumulate your savings. Use this calculator to determine how long those funds will last given regular withdrawals.

    Savings
    Current savings balance ($) 
    Proposed monthly withdrawal amounts ($) 
    Assumptions
    Annual withdrawal increases (if any) (%) 
    Annual before-tax return on savings (%)help
    Federal marginal tax bracket (%)help
    Desired table display 
  • ▶ Should my spouse enter the work force?

    Should my spouse enter the work force?

    A working spouse can provide additional needed household income. However, when making your decision, you need to look at the net income generated by a working spouse not simply the gross income. Factors such as health insurance savings, increased daycare expenses, additional transportation costs, etc. need to be considered. Use this calculator to help determine the potential additional take-home pay.

    Current Monthly Expenses
    Daytime child care (if applicable) ($) 
    Life insurance premiums ($) 
    Medical insurance premiums ($) 
    Monthly Salary and Benefits
    Potential gross monthly income ($) 
    Proposed 401(k) plan contribution (% of salary)> (%) 
    Employer match (%) 
    Maximum employer match (%) 
    Life insurance premiums you will pay ($) 
    Medical insurance premiums you will pay ($) 
    Monthly Work-Related Expenses
    Business entertaining ($) 
    Child care ($) 
    Clothing ($) 
    Housekeeping ($) 
    Meals ($) 
    Transportation ($) 
    Income Tax Information
    Federal marginal tax bracket (%)help
    State marginal income tax bracket (%) 
    Would earnings be 'self-employment' income? 
  • ▶ What is my current net worth?

    What is my current net worth?

    In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.

    Tangible Assets
    Value
    Residence ($)
    Vacation home ($)
    Furnishings ($)
    Automobiles ($)
    Rental real estate ($)
    Art, jewelry, and other valuables ($)
    Equity Assets
    Value
    Stocks ($)
    Variable annuities ($)
    Limited partnerships ($)
    Business interests ($)
    Fixed-Principal Assets
    Value
    Fixed-dollar annuities ($)
    Trust deeds ($)
    Other fixed-principal assets ($)
    Fixed-Rate Assets
    Value
    U.S. government bonds and securities ($)
    Municipal bonds ($)
    Corporate bonds ($)
    Face-amount certificates ($)
    Debt mutual funds ($)
    Cash and Cash Equivalents
    Value
    Checking accounts ($)
    Savings accounts ($)
    Money market funds ($)
    Certificates of deposit ($)
    Other cash reserve accounts ($)
    Liabilities
    Value
    Home mortgage ($)
    Other mortgage ($)
    Automobile loans ($)
    Bank loans ($)
    Personal loans ($)
    Charge account debt ($)
    Other debts ($)
  • ▶ What is my projected net worth?

    What is my projected net worth?

    In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.

    Assumptions
    Number of years to estimate net worth 
    Tangible Assets
    ValueGrowth
    Residence ($)
    Vacation home ($)
    Furnishings ($)
    Automobiles ($)
    Rental real estate ($)
    Art, jewelry, and other valuables ($)
    Equity Assets
    ValueGrowth
    Stocks ($)
    Variable annuities ($)
    Limited partnerships ($)
    Business interests ($)
    Fixed-Principal Assets
    ValueGrowth
    Fixed-dollar annuities ($)
    Trust deeds ($)
    Other fixed-principal assets ($)
    Fixed-Rate Assets
    ValueGrowth
    U.S. government bonds and securities ($)
    Municipal bonds ($)
    Corporate bonds ($)
    Face-amount certificates ($)
    Debt mutual funds ($)
    Cash and Cash Equivalents
    ValueGrowth
    Checking accounts ($)
    Savings accounts ($)
    Money market funds ($)
    Certificates of deposit ($)
    Other cash reserve accounts ($)
    Liabilities
    ValueGrowth
    Home mortgage ($)
    Other mortgage ($)
    Automobile loans ($)
    Bank loans ($)
    Personal loans ($)
    Charge account debt ($)
    Other debts ($)
  • ▶ What is my current cash flow?

    What is my current cash flow?

    Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. Similarly, a cash flow statement can help you evaluate your personal income and expenses and see if you are running 'in the red or the black' each month.

    Assumptions
    Monthly or annual figures? 
    Itemized Income
    Wages, salary and tips ($) 
    Interest on savings accounts, CDs, etc. ($) 
    Dividends from stocks, etc. ($) 
    Social security benefits ($) 
    Pensions ($) 
    Alimony, child support (received) ($) 
    Other income ($) 
    Itemized Expenses
    Charitable/Church donations ($) 
    Mortgage payment or rent ($) 
    Vacation home (mortgage) ($) 
    Automobile loan(s) ($) 
    Personal loan(s) ($) 
    Charge accounts ($) 
    Federal income taxes ($) 
    State income taxes ($) 
    FICA (social security taxes) ($) 
    Real estate taxes ($) 
    Other taxes ($) 
    Utilities ($) 
    Household repairs and maintenance ($) 
    Food ($) 
    Clothing and laundry ($) 
    Educational expenses ($) 
    Child care ($) 
    Automobile expenses (gas, repairs, etc.) ($) 
    Other transportation expenses ($) 
    Life insurance premiums ($) 
    Homeowners (renters) insurance ($) 
    Automobile insurance ($) 
    Medical, dental and disability insurance ($) 
    Entertainment and dining ($) 
    Recreation and travel ($) 
    Club dues ($) 
    Hobbies ($) 
    Gifts ($) 
    Major home improvements and furnishings ($) 
    Professional services ($) 
    Other and miscellaneous expenses ($) 
  • ▶ What is my projected cash flow?

    What is my projected cash flow?

    Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. They also create a proforma which is a projection of future cash flows based on assumptions about growth/decline of income and expenses. Similarly, a projected cash flow statement can help you evaluate your personal income and expenses and see if you potentially may run 'in the red or the black' at a future date.

    Assumptions
    Monthly or annual figures? 
    Number of years to project growth 
    Itemized Income
    AmountAnnual Growth
    Wages, salary and tips ($)
    Alimony, child support (received) ($)
    Dividends from stocks, etc. ($)
    Interest on savings accounts, CDs, etc. ($)
    Social security benefits ($)
    Pensions ($)
    Other income ($)
    Itemized Expenses
    AmountAnnual Growth
    Mortgage payment or rent ($)
    Vacation home (mortgage) ($)
    Automobile loan(s) ($)
    Personal loan(s) ($)
    Charge accounts ($)
    Federal income taxes ($)
    State income taxes ($)
    FICA (social security taxes) ($)
    Real estate taxes ($)
    Other taxes ($)
    Utilities ($)
    Household repairs and maintenance ($)
    Food ($)
    Clothing and laundry ($)
    Educational expenses ($)
    Child care ($)
    Automobile expenses (gas, repairs, etc.) ($)
    Other transportation expenses ($)
    Life insurance premiums ($)
    Homeowners (renters) insurance ($)
    Automobile insurance ($)
    Medical, dental and disability insurance ($)
    Entertainment and dining ($)
    Recreation and travel ($)
    Club dues ($)
    Hobbies ($)
    Gifts ($)
    Major home improvements and furnishings ($)
    Professional services ($)
    Charitable contributions ($)
    Other and miscellaneous expenses ($)
  • ▶ What is the value of reducing, postponing or foregoing expenses?

    What is the value of reducing, postponing or foregoing expenses?

    Use this calculator to help determine what you could accumulate by reducing or eliminating discretionary monthly expenses.

    Savings and Assumptions
    Return on savings (%)help
    Number of years to estimate savings 
    Expenses You Can Reduce Or PostponeMonthly Amount

College

  • ▶ How much should I be saving for college?

    How much should I be saving for college?

    With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans. Use our college savings calculator to determine how much you should be saving for college on a regular basis.

    Current Savings and Assumptions
    Annual college cost inflation (%) 
    Amount saved so far ($)help
    NameCurrent AgeCollege Start AgeYears AttendingAnnual Cost
    Assumptions
    Before-tax return (%)help
    Marginal tax bracket (%)help
    Annual increases (%) 
  • ▶ Will I be able to repay my student loan?

    Calculate your ability to pay back student loans.

    When you borrow money for college you might not be thinking about your ability to repay the loan once you graduate. Outstanding student loan balances may infringe upon your ability to qualify for a home, auto and other personal loans. Use our student loan calculator to help gauge the feasibility of your student loan repayment with your anticipated future income. The government provides a wealth of information on potential student loan debt based on program, career or location.

    Assumptions
    Anticipated annual income upon graduation ($) 
    Original loan amount ($) 
    Annual interest rate (%) 
    Initial payment period (months) 
  • ▶ What are the advantages of the Coverdell ESA?

    What are the advantages of a Coverdell ESA?

    Tax-deferral can have a dramatic effect on the growth of an investment. With the new Coverdell ESA (formerly known as the Education IRA) your contributions can grow tax-deferred and distributed income tax-free as long as distributions are used for qualified education expenses. These costs can include school uniforms, computers, and transportation for elementary or secondary school, public, private or religious.An annual limit of $2,000 per year for any individual under age 18 applies. Once the beneficiary reaches age 18 they can take control of the account but funds must be used by the time the beneficiary turns 30 years of age or transferred to a younger sibling.The ability to contribute to a Coverdell ESA is phased out based on the Modified Adjusted Gross Income (MAGI). The annual contribution deadline is April 15 of the following year.

    Savings
    Annual savings amount (limit $2,000) ($) 
    Number of years contributions are made 
    Assumptions
    Before-tax return on savings (%)help
    Marginal tax bracket (%)help
  • ▶ What are the advantages of a 529 College Savings Plan?

    What are the advantages of a 529 college savings plan?

    Tax-deferral can have a dramatic affect on the growth of an investment. With a state-sponsored 529 College Savings Plan your contributions can grow tax-deferred (some states allow contributions to be partially or completely deductible) and distributed income tax-free as long as distributions are used for qualified education expenses such as tuition, fees, room and board at higher education institutions.There is no limit on contributions but some states tend to limit contributions once the plan assets have reached a defined maximum (typically $230,000 - $500,000). Under a special election, you may make contributions per beneficiary in a single year without triggering a federal gift tax by accelerating five years' worth of contributions - based on the applicable gift tax exclusion amount*.Assets are professionally managed by fund managers selected by the state. Participants can choose from two to almost 30 mutual fund-type investments. Control of the account remains with the contributor regardless of the age of the beneficiary.* This gift is viewed as an accelerated gift over five years. Any other gifts to the same beneficiary by the contributor within five years may result in a federal gift-tax liability. If the contributor dies within the five-year period, a prorated portion of the contribution may be included in his or her taxable estate for federal estate tax purposes.

    Savings
    Initial investment amount ($) 
    Annual savings amount: ($) 
    Number of years contributions are made: 
    Assumptions
    Before-tax return on savings (%)help
    Marginal tax bracket (%)help
  • ▶ What is the value of a college education?

    What is the value of a college education?

    It may surprise you that, on average, an individual with a bachelor's degree earns approximately $82,576 per year, compared to the $46,228 average yearly salary of a worker with a high school diploma. Use this calculator to see the value of a college education.Source: Bureau of Labor Statistics, 2023.

    Earnings
    Current age 
    Anticipated annual income (no degree) ($) 
    Anticipated annual income (secondary education) ($) 
    Assumptions
    Retirement age 
    Annual salary increases (no degree) (%) 
    Annual salary increases (secondary education) (%) 
  • ▶ What are the payments on a parental (PLUS) loan?

    What are the payments on a parental (PLUS) loan?

    PLUS loans are low-interest federally insured loans for parents of undergraduate students to help pay a dependent student's college cost. PLUS loans are also available to graduate and professional students. The rate is fixed 2.75% for loans made on or after July 1, 2020.

    Loan Amounts
    Amount to borrow (year 1) ($) 
    Amount to borrow (year 2) ($) 
    Amount to borrow (year 3) ($) 
    Amount to borrow (year 4) ($) 
    Assumptions
    Annual interest rate (%) 
    Number of months (10 yrs = 120 max) 
    Desired amortization schedule 
  • ▶ Should I live at home, on campus, or off campus?

    Should I live at home, on campus, or off campus?

    Before deciding on room and board options when attending college, it may help to itemize and project expenses. These expenses will vary depending on whether you will commute from home, stay on campus or rent an apartment off campus. Use this calculator to help determine whether living on or off campus is better and to see the costs associated with these alternatives.

    Assumptions
    Number of years until college 
    Estimated annual inflation rate (%)help
    Number of months expenses incurred each year 
    Expenses
    At HomeOn CampusOff Campus
    Cell phone ($)
    Clothing ($)
    College activity fees ($)
    Computer equipment ($)
    Entertainment ($)
    Food (meals) ($)
    Food (snacks) ($)
    Furnishings (one-time) ($)
    Furnishings (monthly rental) ($)
    Health (insurance, copays, prescriptions) ($)
    Housing (cable) ($)
    Housing (renter's insurance) ($)
    Housing (utilities) ($)
    Housing (rent) ($)
    Housing (one-time deposit) ($)
    Internet access ($)
    Laundry ($)
    Memberships (gym, sports, etc.) ($)
    Parking fees ($)
    Personal (haircuts, household items, etc.) ($)
    Telephone ($)
    Transportation (gas) ($)
    Transportation (insurance) ($)
    Transportation (maintenance) ($)
    Transportation (payments) ($)
    Travel expenses ($)
    Utilities deposit (one-time) ($)

Debt

  • ▶ How long will it take to pay off my credit card(s)?

    How long will it take to pay off my credit card?

    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 paying off your credit cards and save yourself hundreds and thousands in interest payments. Use our Credit Card Repayment Calculator to figure out when you can pay off your credit card.

    Credit Card or Loan Information
    Current credit card balance ($) 
    Annual percentage rate (%) 
    Proposed additional monthly payment ($) 
    Assumptions
    Minimum payment percentage (%) 
    Minimum payment amount ($) 
    Skip December payment when offered? 
    Desired table display 
  • ▶ How long until my loan is paid off?

    How long until my loan is paid off?

    By making consistent regular payments toward debt service you will eventually pay off your loan. Use this calculator to determine how much longer you will need to make these regular payments in order to eventually eliminate the debt obligation and pay off your loan.

    Loan Information
    Current loan balance ($) 
    Annual percentage rate (%) 
    Current monthly payment ($) 
  • ▶ What would my loan payments be?

    What would my loan payments be?

    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.

    Loan Information
    Loan amount ($) 
    Annual interest rate (%) 
    Term of loan (months) 
    Desired table display 
  • ▶ What is the balance on my loan?

    What is the balance on my loan?

    If you know your current payment, the interest rate and the term remaining, you can calculate your outstanding loan balance. Use this calculator to determine the loan balance along with an amortization schedule.

    Loan Information
    Current monthly payment ($) 
    Annual interest rate (%) 
    Number of months remaining 
    Desired amortization schedule 
  • ▶ Should I consolidate my personal debt into a new loan?

    Will consolidating my debt into a new loan be beneficial?

    It may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan - perhaps a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.

    Consolidated Loan Information
    Annual percentage rate (%) 
    Number of years 
    Current Debt Information
    BalanceMonthly PaymentYearly Rate
    Credit card 1 ($)
    Credit card 2 ($)
    Credit card 3 ($)
    Credit card 4 ($)
    Auto loan 1 ($)
    Auto loan 2 ($)
    Boat/RV loan ($)
    Other loan 1 ($)
    Other loan 2 ($)
    Other loan 3 ($)
  • ▶ Re-structuring debts for accelerated payoff

    Restructuring debts for accelerated payoff

    The quickest way to retire your debt is to 1) determine what your total debt payment is now, then 2) sort your debts from highest interest rate to lowest, then 3) continue to make the same total payment amount except pay Minimum Payments on all debts except the highest rate debt, then 4) once the highest rate debt is paid off apply those new savings to the next highest rate debt and so on. Use this calculator to determine the interest and time saved using this 'Roll-Over' technique along with the potential increase in savings once all the debts have been paid off. The calculator will sort the debts for you when completing the analysis. You may also apply an extra amount to the total payment to accelerate debt payoff even further.

    Current Debt Information
    CreditorBalanceMinimum
    Payment    		Actual
    Payment    		Interest
    Rate
    Debt-1 ($)
    Debt-2 ($)
    Debt-3 ($)
    Debt-4 ($)
    Debt-5 ($)
    Debt-6 ($)
    Debt-7 ($)
    Debt-8 ($)
    Debt-9 ($)
    Debt-10 ($)
    Debt-11 ($)
    Debt-12 ($)
    Debt-13 ($)
    Debt-14 ($)
    Debt-15 ($)
    Debt-16 ($)
    Debt-17 ($)
    Debt-18 ($)
    Debt-19 ($)
    Debt-20 ($)
    Additional Debt Payments
    Extra monthly payment ($) 
    One-time payment ($) 
    One-time payment 
    One-time payment 
    Assumptions
    Debt ordering 
    Interest earned on new savings (%) 
  • ▶ Which is better: cash up front or payments over time?

    Which is better: Cash up front or payments over time?

    Use this calculator to help determine whether you are better off receiving a lump sum payment and investing it yourself or receiving equal payments over time from a third party.

    Cash Up Front Information
    Cash up front amount ($) 
    Potential return on investment (similar risk) (%)help
    Payment Information
    Compounding frequency 
    Annual payment amount ($) 
    Annual increase in payments (%) 
    Number of payments 
  • ▶ What is the impact of making extra payments on my loan?

    What is the impact of making extra payments on my debt?

    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.

    Loan Information
    Original loan balance ($) 
    Annual percentage rate (%) 
    Initial term in months (30yrs=360) 
    Number of payments already made 
    Proposed additional monthly payment ($) 
  • ▶ Should I pay off debts or invest?

    Should I pay off debt or invest?

    When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to pay towards liabilities. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest. Use this calculator to help analyze your situation.

    Rates and Assumptions
    Interest rate on debt (%) 
    Is the interest deductible? 
    Before-tax return on investment (%)help
    Is the interest taxable? 
    Marginal tax bracket (%)help

Home & Mortgage

  • ▶ How much home can I afford?

    How much house can I afford?

    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 new house calculator to determine how much of a mortgage you may be able to obtain.

    Income and Debt Obligations
    Current combined annual income ($) 
    Monthly child support payments ($) 
    Monthly auto payments ($) 
    Monthly credit card payments ($) 
    Monthly association fees ($) 
    Other monthly obligations
    (not including current mortgage payment) ($)    		 
    New Loan Assumptions
    Annual interest rate on new mortgage (%) 
    Term of new mortgage (years) 
    Funds available for a down payment ($) 
    Estimated annual property taxes ($) 
    Estimated annual homeowner's insurance ($) 
    Front-end ratiohelp
    Back-end ratiohelp
  • ▶ Should I refinance my home mortgage? (breakeven)

    Should I refinance my mortgage?

    Depending on when you bought your home, your mortgage interest rate may be higher than what's available today. This means you may be paying more than you need to every month! Refinancing gives homeowners the opportunity to update their mortgage terms and take advantage of lower rates. Whether through market changes or changes in your credit score, you could qualify for a lower rate and end up saving a significant amount of money on mortgage payments over time. Use our refinance calculator to analyze your situation today!

    Current Loan Information
    Current loan balance ($) 
    Annual interest rate (%) 
    Number of months remaining 
    Current payment (optional) ($) 
    Proposed Loan Information
    Annual interest rate on new mortgage (%) 
    Number of months (30yrs=360) 
    Loan origination fee (%) 
    Other fees/discount points (%) 
    Other fees ($) 
    Include closing costs in loan amount? 
  • ▶ Comprehensive mortgage calculator

    Estimate my monthly mortgage payment

    The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). Use our mortgage calculator to see the impact of these variables along with an amortization schedule. Accurately calculating your mortgage can be a critical first step when determining your budget.

    Mortgage Loan Information
    Proposed mortgage loan amount ($) 
    Annual interest rate (%) 
    Number of months (30yrs=360) 
    Desired table display 
    Property Information
    Purchase price of property ($) 
    Let system estimate property taxes, insurance, and private mortgage insurance? 
    Annual property taxes ($) 
    Annual hazard insurance ($) 
    Monthly private mortgage insurance ($) 
  • ▶ Comparing mortgage terms

    Comparing mortgage terms

    Different mortgage terms and rates can make the loan selection process confusing, especially if you don't plan on keeping the loan for the full term. Use this calculator to determine the total cost in today's dollars of various mortgage alternatives taking into account your opportunity cost of money.

    Loan Amount
    Amount of loan ($) 
    Mortgage Alternatives and Assumptions
    Loan1Loan2Loan3
    Term (in years)
    Annual interest rate
    Comparison Assumptions
    Comparison options/cost of moneyhelp
    (%) 
    Marginal tax bracket (%)help
    Years to compare total costs: 
  • ▶ Should I pay extra points for a lower interest rate?

    Should I pay discount points for a lower interest rate?

    In some cases, it may benefit you to 'buy down the interest rate' by paying extra money up front in the form of discount points. Use this calculator to help determine if this makes sense for you.

    Assumptions
    Loan amount ($) 
    Number of years 
    Mortgage Alternatives
    Loan 1Loan 2
    Annual interest rate
    Discount points (if any)
  • ▶ Should I rent or buy a home?

    Should I rent or buy a home?

    With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.

    Rent Assumptions
    Monthly rent payment ($) 
    Additional monthly fees ($) 
    Monthly renter's insurance premium ($) 
    Annual rent increases (%) 
    Purchase Assumptions
    Purchase price of home ($) 
    Annual appreciation rate (%) 
    Realtor fees on future sale (%) 
    Amount of loan ($) 
    Annual interest rate (%) 
    Number of years 
    Closing costs (not included in loan amount) ($) 
    Annual homeowner's insurance premium ($) 
    Annual property taxes ($) 
    Annual maintenance cost ($) 
    Other Assumptions
    Number of years for the comparison 
    Marginal tax bracket (%)help
    Before tax return on savings (%)help
    Assumed annual inflation rate (%)help
    On taxes, do you take the standard deduction? 
  • ▶ Should I convert to a bi-weekly payment schedule?

    Should I convert to a bi-weekly payment schedule?

    It may surprise you that most banks and mortgage companies collect two to three dollars for every dollar that you borrow! However, there is a way to accelerate mortgage payoff using a method called Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week - resulting in a net effect of paying an extra payment toward principal each year.

    Loan Information
    Original loan amount ($) 
    Annual interest rate (%) 
    Number of months (30yrs=360) 
    Number of payments made: 3 yrs = 36 pymts 
  • ▶ Compare a 'no-cost' versus traditional mortgage

    Compare a 'no-cost' vs. traditional mortgage

    Many lenders will offer a 'no-cost' loan in lieu of a traditional mortgage. 'No-cost' loans are generally priced at a higher interest rate than a traditional mortgage. The higher rate allows the lender to make enough money on the interest rate spread from the underwriter to pay for all your closing costs and provide them with their profit. Use this calculator to help determine if a no-cost loan with your lender is better than a traditional mortgage.

    Assumptions
    Amount of loan ($) 
    Number of years 
    Mortgage Rates
    No-Cost LoanTraditional Mortgage
    Annual interest rate
    Traditional Loan Closing Costs
    Discount points (% of loan) (%) 
    Origination fees (% of loan) (%) 
    Lender fees (processing and underwriting) ($) 
    Credit report ($) 
    Appraisal ($) 
    Title insurance ($) 
    Reconveyance fee ($) 
    Recording fee ($) 
    Wire and courier fee ($) 
    Endorsement fee ($) 
    Title closing fee ($) 
    Document preparation ($) 
    Other fees ($) 
    How do you plan to pay closing costs? 
    Comparison Assumptions
    Comparison options/cost of moneyhelp
    (%) 
    Marginal tax bracket (%)help
    Years to compare total costs: 
  • ▶ What are the tax savings generated by my mortgage?

    What are the tax savings generated by my mortgage?

    With the interest on a mortgage being deductible when you itemize deductions, it may surprise you how much you can save in taxes. Use this calculator to determine your potential tax savings with a mortgage. (Consult your tax advisor regarding the deductibility of interest.)

    Loan Information
    Loan amount eligible for interest deduction (not to exceed $750,000) ($) 
    Annual interest rate (%) 
    Marginal tax bracket (%)help
    Assumptions
    Number of months (30yrs=360) 
    Desired table display monthly or yearly? 
  • ▶ Should I take out a fixed or adjustable rate mortgage?

    Which is better: Fixed or adjustable-rate mortgage?

    It is a difficult decision to decide between a fixed and an adjustable-rate mortgage. Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact. Use this calculator to help compare the total cost of each alternative.

    Mortgage Alternatives and Assumptions
    Loan amount ($) 
    Fixed-Rate LoanAdjustable-Rate Loan
    (Initial) annual interest rate
    Number of years
    Index Rate Detail
    Current index rate (%)help
    Lenders margin added to index rate (%)help
    Index rate adjustment (%)help
    Number of months between index rate adjustments 
    What will rates be doing over the life of the loan: stay same, increase or decrease? 
    Assumed maximum annual rate adjustment (%) 
    Adjustable Rate Detail
    Absolute minimum rate over term of loan (%) 
    Absolute maximum rate over term of loan (%) 
    Number of months before first rate adjustments 
    Number of months between rate adjustments 
    Comparison Assumptions
    Comparison options/cost of moneyhelp
    (%) 
    Marginal tax bracket (%)help
    Years to compare total costs: 
  • ▶ Adjustable rate mortgage calculator

    Adjustable rate mortgage calculator

    Unlike fixed rate mortgages, the payments on an adjustable rate mortgage will vary as interest rates change. Use our adjustable rate mortgage (ARM) calculator to see how interest rate assumptions will impact your monthly payments and the total interest paid over the life of the loan.

    Mortgage Assumptions
    Loan amount ($) 
    Initial interest rate (%) 
    Number of months (30yrs=360) 
    Adjustable Rate Detail
    Absolute minimum rate over term of loan (%) 
    Absolute maximum rate over term of loan (%) 
    Number of months before first rate adjustments 
    Number of months between rate adjustments 
    What will rates be doing over the life of the loan: stay same, increase or decrease? 
    Assumed rate adjustment (%) 
  • ▶ How do closing costs impact the interest rate?

    How do closing costs impact the interest rate?

    If you choose to finance your closing costs, the monthly loan payments will be higher than if you had paid the closing costs out-of-pocket. In order to help borrowers compare loans, lenders use a standard calculation called annual percentage rates (APR) which takes into account the closing costs. Use this calculator to itemize the closing costs and to compare loans with different rates, fees or terms.

    Loan Information
    Original Loan Amount ($) 
    Term (years) 
    Mortgage Rate (%) 
    Traditional Closing Cost Information
    Discount Points (%) 
    Origination Fee (%) 
    Lender Fees (processing/underwriting) ($) 
    Credit Report ($) 
    Appraisal ($) 
    Title Insurance ($) 
    Reconveyance Fee ($) 
    Recording Fee ($) 
    Wire and Courier Fees ($) 
    Endorsement Fee ($) 
    Title Closing Fee ($) 
    Title Document Prep Fee ($) 
    Other Fees ($) 

Income

  • ▶ What is my potential estate tax liability?

    What is my potential estate tax liability?

    In 2025 estates worth up to $13.99 million will be excluded from paying federal estate tax. This means that the federal government could 'inherit' a significant portion of your estate unless you take measures to preserve your wealth. Use this federal estate tax calculator to help estimate your tax liability.

    Assets/Liabilities and Assumptions
    ValueGrowthLiability
    Personal assets ($)
    Investment assets ($)
    Business assets ($)
    Assumptions
    Charitable contributions ($) 
    Probate and final expenses (% of gross estate) (%) 
    Years to project estate growth 
  • ▶ Federal income tax estimator

    2024 federal income tax calculator

    Taxes are unavoidable and without planning, the annual tax liability can be very uncertain. Use the following calculator to help determine your estimated tax liability along with your average and marginal tax rates.

    Personal Tax Information
    Tax filing status 
    Taxable gross annual income subject to ordinary income rates (W-2, unearned/investment, business income not eligible for 20% exemption amount, etc) ($) 
    Traditional IRA Contribution ($) 
    Itemized deductions (state/local and property taxes capped at $10,000) - $0 for Standard ($) 
    Number of dependent children under 17 with SS# 
    Number of non-child dependents 
    Amount of gross income considered "unearned"/investment income ($) 
    Are you (and your spouse if filing jointly) either blind or over age 65? 
    Business/Self-Employed Income
    Total company pass-through income ($) 
    Individual company ownership (%) 
    Total company capital assets ($) 
    Total company W-2 wages ($) 
  • ▶ Should I adjust my payroll withholdings?

    Should I adjust my payroll withholdings?

    Each April many taxpayers are surprised as they realize that they have either over withheld or under withheld on their taxes. Use this paycheck withholding calculator at least annually to help determine whether you are likely to be on target based on your current tax filing status and the number of W-4 allowances claimed. Then make adjustments to your employer W-4 form, if necessary, to more closely match your 2025 federal tax liability. In the event of a projected tax surplus, you may be able to increase your W-4 paycheck withholding allowances and, thereby, increase your paycheck amount.

    Income and Tax Information
    Tax filing status 
    Taxable gross annual income subject to ordinary income rates (W-2, unearned/investment, etc) ($) 
    Traditional IRA Contribution ($) 
    Itemized deductions (state/local and property taxes capped at $10,000) - $0 for Standard ($) 
    Number of dependent children under 17 with SS# 
    Number of non-child dependents 
    Amount of gross income considered "unearned"/investment income ($) 
    Are you (and your spouse if filing jointly) either blind or over age 65? 
    Business/Self-Employed Income
    Total company pass-through income ($) 
    Individual company ownership (%) 
    Total company capital assets ($) 
    Total company W-2 wages ($) 
    Withholding Information
    Federal taxes withheld to date ($) 
    Tax amount withheld last pay period ($) 
    Payment frequency 
  • ▶ Will my investment interest be deductible?

    Will my investment interest be deductible?

    Interest paid on debts incurred in order to invest (such as 'margin accounts') is generally deductible to the extent that it offsets investment income (such as interest, dividends and short term capital gains). Interest payments in excess of investment income can be carried forward in hopes of offsetting future investment income. This calculator can help you better manage the use of debt as an investment tool, and more accurately time your income and interest payments to take best advantage of current deductibility laws and limitations.

    Federal Income Tax Information
    Marginal tax bracket (%)help
    Investment Interest You Receive
    Dividend income ($) 
    Interest income ($) 
    Short-term capital gains ($) 
    Investment Interest You Pay
    Margin account interest ($) 
    Other investment interest ($) 
  • ▶ How much self-employment tax will I pay?

    How much self-employment tax will I pay?

    Self employment taxes are comprised of two parts: Social Security and Medicare. You will pay 6.2 percent and your employer will pay Social Security taxes of 6.2 percent on the first $168,600 of your covered wages. You each also pay Medicare taxes of 1.45 percent on all your wages - no limit. If you are self-employed, your Social Security tax rate is 12.4 percent and your Medicare tax is 2.9 percent on those same amounts of earnings but you are able to deduct the employer portion. You will pay an additional 0.9% Medicare tax on the amount that your annual income exceeds $200,000 for single filers, $250,000 for married filing jointly, and $125,000 married filing separate. Use this calculator to estimate your self-employment taxes.

    Wage Information
    Annual self-employment income ($) 
    Annual employer income (already taxed) ($) 
    Tax filing status 
  • ▶ Capital gains (and losses) tax estimator

    Long-term Capital Gains Tax Estimator

    Federal taxes on net long-term gains (assets held more than one year) will vary depending on your filing status and income level. Use this calculator to help estimate capital gain taxes due on your transactions.

    Assumptions
    Tax filing status 
    Does your combined income exceed $250,000 if married filing jointly, $125,000 if married filing separately, or $200,000 if single or filing as head of household? 
    Asset Transaction #1
    Purchase price ($) 
    Sales price ($) 
    Asset Transaction #2
    Purchase price ($) 
    Sales price ($) 
    Asset Transaction #3
    Purchase price ($) 
    Sales price ($) 
    Asset Transaction #4
    Purchase price ($) 
    Sales price ($) 
  • ▶ Compare taxable, tax-deferred and tax-free investment growth
  • ▶ How much of my Social Security benefit might be taxable?
  • ▶ What are the tax implications of paying interest?
  • ▶ Should I itemize or take the standard deduction?

    Should I itemize or take the standard deduction?

    If you have numerous itemized deductions such as mortgage interest, charitable contributions, etc., it may make sense for you to itemize your deductions instead of using the standard deduction for your tax filing status. However, with change in tax law capping some itemized deductions while increasing the standard deduction it might be better not to itemize and take the standard deduction. Calculate below to find out what is best for your situation when it comes to filing your taxes.

    Input and Assumptions
    Estimated AGI (adjusted gross income) ($) 
    Tax filing status 
    Number of blind filers 
    Number of filers over age 65 
    Dental and Medical Expenses
    Medical expenses ($) 
    Dental expenses ($) 
    Taxes You Paid
    State and local income taxes ($) 
    Real estate taxes ($) 
    Personal property taxes ($) 
    Other taxes ($) 
    Interest (Paid/Received)
    Home mortgage interest and points ($) 
    Investment interest and dividends received ($) 
    Investment interest you paid ($) 
    Charitable Contributions
    Cash contributions ($) 
    'In-kind' contributions ($) 
    'Carryover' contributions ($) 
  • ▶ What is my tax-equivalent yield?

    What is my tax-equivalent yield?

    Tax-free investments such as municipal bonds have lower yields due to their tax-exempt status. Use this calculator to determine an equivalent yield on a taxable investment. The higher your marginal tax bracket (state and federal), the higher the tax-equivalent yield.Note: This calculator assumes state taxes paid are fully deductible on your federal form. If that is not the case then include state tax percentage as part of the federal tax percentage.

    Rates and Assumptions
    Tax-free yield (%)help
    Federal marginal tax bracket (%)help
    State marginal tax bracket (%) 

Insurance

  • ▶ How much life insurance do I need?

    How much life insurance do I need?

    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. This calculator will help you determine the amount of life insurance that is right for you.

    Age, Income and Assumptions
    Current annual income ($) 
    Spouse's annual income (if applicable) ($) 
    Spouse's current age (if applicable) 
    Spouse's desired retirement age (if applicable) 
    Investment return (%) 
    Anticipated inflation rate (%)help
    Immediate Cash Needs
    Funeral expenses ($) 
    Final expenses ($) 
    Mortgage balance ($) 
    Other debts ($) 
    Long-Term Income Needs
    Desired annual income needs
    (typically 70-80% of current combined income) ($)    		 
    Number of years income is needed 
    College needs ($)help
    Available Resources
    Investment assets ($) 
    Existing life insurance ($) 
    Include Social Security benefits?help
    Age of oldest child under 18 
    Age of second child under 18 
    Age of third child under 18 
    Age of fourth child under 18 
  • ▶ What is my life expectancy?

    Calculate Your Estimated Life Expectancy

    With medical advances and improved lifestyles, the average life expectancy in the United States is on the rise.* Use this life expectancy calculator to help determine how many years you may need to plan for in retirement or how many years you may need to provide income to a surviving spouse or children.* Source: National Association of Insurance Commissioners, 2016

    Assumptions
    Gender 
    Current age 
  • ▶ What are my needs for burial and final expenses?

    What are my needs for burial and final expenses?

    Long gone are the days of being buried in a pinewood box. Funeral expenses can vary from several thousand dollars up to $15,000 and more depending on which services you select. Funeral homes and crematoriums provide a list of expenses some of which have been enumerated here. Use this calculator as a guideline to help estimate your burial and final expenses.

    Professional Services
    Basic services of funeral director and staff ($) 
    Embalming ($) 
    Other preparations of the body ($) 
    Facilities and Staff Services
    Viewing and ceremony ($) 
    Cemetery and graveside ($) 
    Transportation Services
    Transfer remains to funeral home ($) 
    Hearse ($) 
    Limousine ($) 
    Merchandise
    Casket/Cremation urn ($) 
    Burial/Urn vault/liner ($) 
    Monument/Memorial/Tombstone ($) 
    Other Expenses
    Burial clothing ($) 
    Floral arrangements ($) 
    Food ($) 
    Airfare and accommodations ($) 
    Other ($) 
  • ▶ How much disability income do I need?
  • ▶ What are the chances of becoming disabled?

    What are my chances of becoming disabled?

    It may surprise you that about 1 in 4 of today's 20 year-olds will become disabled before reaching the retirement age of 67.* Use this calculator to determine your chances of becoming disabled.* Source: Social Security Administration, Fact Sheet March 2024

    Assumptions
    Current age 
  • ▶ What are my long-term care insurance needs?
  • ▶ How much will I earn in my lifetime?

    How much will I earn in my lifetime?

    Most people earn a small fortune during their lifetime. Yet many of them are unaware of how their annual income adds up over the years.This calculator, designed to help you estimate how much you'll earn before you retire, may surprise you with your own earning capacity.

    Assumptions
    Current age 
    Retirement age 
    Income
    Current annual income ($) 
    Annual salary increases (%)help
  • ▶ What are the tax advantages of an annuity?
  • ▶ How long will my current insurance last?
  • ▶ What is the future value of an annuity?
  • ▶ Which is better, Comprehensive Plan Or High-Deductible Plan With HSA?

Investment

Payroll & Benefits

Qualified Plans

Retirement

Savings

Business

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, or supplement the advice of a professional advisor. There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.