Make Smarter Decisions Using Our Financial Calculators
With the Internet increasingly assisting your financial decision-making process, a crucial step involved is the ability to receive impartial advice and recommendations over the Web. We all need answers to real life financial questions. When to buy? When to sell? When to save? How much to save? Rent or buy? How much debt can you afford? The list goes on.
Our Financial Calculators can help you make decisions on matters ranging from mortgages, budgets, debt, college education, savings, loans, credit card payments, and much more. Financial calculators can help you invest for an education, plan your retirement, save for a vacation, or even determine your feasible monthly mortgage payments. Using our financial calculators can help paint a clearer picture of your financial health, your abilities, and your future. Click on each of the links to the right for our available finance calculators, and find out how easy it can be to achieve your financial goals.
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.
Brown Bag Savings Calculator
This calculator will show you how much you could save if you brought your own lunch to work instead of eating out. Plus, it will also show you how much your brown-bag savings would grow if you invested the difference.
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.
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.
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. It will also tell you how many minimum payments you will make before your balance is paid off.
Credit Card Principal-Interest Calculator
This calculator will show you how much of your current credit card payment is being applied to the principal balance and how much is pure interest.
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 Consolidation Payment Calculator
This calculator will show you how consolidating all of your debts into one lower interest loan can reduce your monthly payments.
Debt Investment Calculator
Before you go throwing darts on Wall Street, check to make sure you can’t earn a higher rate of return simply by investing in your own debt!
Debt-to-Income 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 Goal 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.
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.
Mortgage Refinance Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate.
Simple Loan Calculator
This calculator will compute a loan’s monthly payment amount.
Renting vs. Buying 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.
We believe that education is the key to a better financial future
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY