#Financial calculators online free how to#
#Financial calculators online free free#

However, a good net worth calculator, like the one from CalcXML, will itemize all of your assets and liabilities in a detailed fashion. The basic formula for net worth is assets minus liabilities. Your net worth is an important indicator of how financially secure you are. Pros: Generates colorful, personalized reports based on user inputs, and estimates how much financial assistance your family might receiveД¬ons: You may see an ad or two pop up when first arrivingДiscover: What It Costs To Attend the 25 Most Beautiful Colleges in America You can tweak the amount of your potential monthly contribution to see how it will affect your final balance. In addition to showing you how much you need to save to reach your college funding goals, the calculator can estimate the total amount in scholarships and grants your family might be eligible for, based on your income. In this calculator, you can enter your childвЂ™s age, the type of college your child is aiming for and your household income. Pros: Simple to use but still includes all important variablesД«e Aware: Top 8 Hidden Costs of Taking Out an Auto LoanДЄlthough you can use a basic financial calculator to see how your college savings can grow, a specialized one, like the one offered by 529 plan aggregator, allows for specific college-related inputs. A good auto loan calculator, like the one at, will factor in the cost of the vehicle, your down payment, your trade-in value (if any), the interest rate, your sales tax rate and your term to calculate your monthly payment. Pros: Incorporates many retirement planning variablesД¬ons: DoesnвЂ™t allow for detailed lifestyle- or investment-related inputsДЄlso See: Here Are 30 Ways To Retire EarlierДЄn auto loan calculator is an essential tool when you are financing a vehicle, as you can tinker with various terms and down payments to see how they will affect your monthly cost. The AARP retirement calculator allows you to input multiple variables for various retirement planning scenarios, incorporating everything from current and future savings to estimated Social Security and supplemental income benefits in the future. By inputting a regular monthly contribution amount and an expected rate of return, you can estimate how much money youвЂ™ll have socked away by the time you retire. As such, it can be one of the more exciting tools available. Retirement/401(k) Plan Savings CalculatorДЄ retirement/401(k) plan savings calculator can show you in black and white how the power of compounding works. Pros: Simple to use for nearly any type of loanД¬heck Out: 10 Best Personal Loans for People With Good Credit You can also add in additional costs, such as origination fees, if applicable. This example from Merrill EdgeВ asks for your loan amount, payment frequency, stated interest rate and term length to calculate your monthly payment. You can use a generic loan calculator for personal loans, credit cards or any other type of simple loan. Pros: Has a wide range of reports and graphics to highlight user inputsД¬ons: Loan options that are usable in the calculator are limited to 30-year fixed, 15-year fixed and 5/1 adjustable-rate mortgagesДЄ generic loan payment calculator is probably the simplest and most wide-reaching type of financial calculator. When calculating a mortgage payment, youвЂ™ll have to factor in a down payment, mortgage insurance, property taxes, homeowners insurance and other fees in addition to the price of your home and the interest rate on the loan.В The Zillow mortgage calculator offers a sleek interface that allows you to input all of the variables of your mortgage loan to compute a single monthly payment amount.

#Financial calculators online free how to#

How To Build Your Own Financial Calculator.

Retirement/401(k) Plan Savings Calculator.

If you just need some simple help and arenвЂ™t looking to build a comprehensive financial plan, these calculators can help get you started: HereвЂ™s a look at eight specialized types of online financial calculators that you can use for specific financial computations, along with an explanation of how you can build your own calculator for your particular needs.

Even somewhat difficult computations like mortgage interest can be performed with just a few keystrokes.

#Financial calculators online free free#

With a quick online search, now everyone has the ability to pull up a free financial calculator to do the heavy lifting. Gone are the days when brokers or lenders were the only ones who could compute your loan interest. The internet can be a powerful source of information, particularly when it comes to understanding financial transactions.