A Home Equity Loan or Line of Credit (HELOC) can be an effective tool to consolidate debt, reduce your overall interest rate, and lower your monthly payments.
This calculator helps prospective borrowers compare a 15 year fixed mortgage to a 30 year fixed mortgage, including the monthly payment amount, remaining principle balance, total interest paid, and potential tax implications.
Curious how much you might qualify for? Try our Home Equity calculator below – simply input the appraised value of your home and the total amount of all your outstanding home loans.
Enter your loan amount, interest rate and term below, and click the “View Report” button to see the amortized monthly repayment schedule, including your remaining principal balance by payment, the total of all payments made, and the total interest paid. Or, conversely, enter your desired monthly payment to see the corresponding loan amount you could finance.
A Fixed Rate Mortgage has the same payment for the entire term of the loan. An Adjustable Rate Mortgage (ARM) has a fixed rate for a specific period of time (“initial period”), after which the rate may adjust and change your monthly payment.
This Individual Retirement Account (IRA) calculator helps you compare possible retirement outcomes from investing in a Roth IRA vs. a Traditional IRA.
A retirement plan requires careful consideration of many factors – such as how much you save, how your future earnings might change, and how much you’ll spend in retirement. This calculator allows you to explore different outcomes by adjusting these variables, and seeing their effects on your retirement plan.
Are you on track to meet your savings goals? Find out by completing the fields below and clicking the “View Report” button. You’ll get a summary of your current savings plan and a sense of how much you might want to adjust your monthly savings amount to reach your goal in inflation-adjusted dollars.