Financial Calculators
Make smarter financial decisions with our suite of free calculators. Compare rates, project savings, and plan your mortgage with confidence.
Mortgage Calculator
Estimate monthly payments, visualize your amortization schedule, and calculate total interest.
Open ToolRefinance Calculator
Calculate your break-even point and monthly savings to see if refinancing makes sense.
Open ToolCD Calculator
Project your earnings from a fixed-rate Certificate of Deposit over time.
Open ToolCD Ladder Calculator
Visualize a CD Ladder strategy to balance high interest rates with liquidity.
Open ToolSavings Calculator
Calculate how much interest your savings account will earn over time.
Open ToolRetirement Planner
Determine how much you need to save to retire comfortably and maintain your lifestyle.
Open ToolInvestment Calculator
Forecast the growth of your stock portfolio or mutual funds with annual returns.
Open ToolBudget Calculator
Track income vs expenses and determine your monthly cash flow surplus or deficit.
Open ToolDebt Consolidation
See if using your home equity to pay off high-interest debt can lower your monthly payments.
Open ToolCredit Card Payoff
Find out exactly how long it will take to be debt-free based on your monthly payments.
Open ToolRent vs. Buy
Compare the long-term total cost of renting versus buying a home in today's market.
Open ToolAffordability Calculator
Determine how much house you can afford based on your income, debts, and down payment.
Open ToolFrequently Asked Questions
Does the mortgage calculator include taxes and insurance?
Our standard mortgage calculator focuses on Principal and Interest (P&I). However, most homeowners also pay property taxes and homeowners insurance into an escrow account. You should add these estimated costs to your result to get your full monthly housing payment.
How much house can I afford?
Most lenders follow the 28/36 rule, which states that your mortgage payment should not exceed 28% of your gross monthly income, and your total debt obligations should stay below 36%. Use our Affordability Calculator to see your personalized range.
Is it better to rent or buy a home right now?
The answer depends on how long you plan to stay in the home. Buying typically involves high upfront closing costs that take several years to recoup through equity building. Use the Rent vs. Buy tool to calculate your specific break-even point — the month when your interest savings officially outweigh the closing costs.
When should I refinance my mortgage?
Refinancing makes sense if you can lower your interest rate by at least 0.50% to 1.00%, or if you want to shorten your loan term. Use the Refinance Calculator to find your break-even point — the month when your interest savings officially outweigh the closing costs.
How does compound interest help my savings grow?
Compound interest means you earn interest on your initial deposit plus the interest you've already earned. Over time, this "snowball effect" causes your savings to grow much faster than they would with simple interest.
What is the difference between Interest Rate and APY?
The Interest Rate is the base rate you are paid. The Annual Percentage Yield (APY) is higher because it accounts for compounding (how often interest is added to your balance). APY is the most accurate number to use when comparing savings accounts or CDs.
Is debt consolidation a good idea?
Using a home equity loan to consolidate debt can lower your monthly payments significantly because mortgage rates are lower than credit card rates. However, it converts unsecured debt (credit cards) into secured debt (your home), so there is risk involved if you cannot make payments.
