In addition to basic arithmetic, it can also calculate present value, future value, payments or number of periods. |
Quickly determine your ability to get a loan by calculating your debt-to-income ratio against known thresholds. |
See how many thousands of dollars you can save by simply increasing your mortgage payment. |
Determine your car loan based on purchase price, or find out how much you can afford based on your budget. |
Get your monthly payments, and generate an amortization schedule showing principle and interest over time. |
Compare a 15-year mortgage to a 30-year mortgage for the best payment options to fit your budget. |
Calculate the amount of credit you may qualify for based on a percentage of the value of your home. |
Generate an amortization schedule for an interest-only mortgage, and determine the impact of principle prepayments. |
Start early with the development of an education savings plan, or fine tune an existing plan. |
Get a better grasp of the expenses v. income related to being away at college/university. |