Browsing Category: "Financial Tools"
Complete Mortgage Calculator & Other Financial Calculators
Need mortgage calculations? Should you refinance your home loan? Can you actually afford a house? Should you rent or buy? Which type of loan should you get? No matter what your question, this is your complete solution for all your mortgage and finance answers. Use these free financial tools to help answer all your mortgage related questions. No need to download fancy, complicated software packages, just bookmark this webpage and visit it often for all your calculations. In just a few clicks you will have the solution to your mortgage questions!
Use our 20 Mortgage calculators to calculate your payments
Tool to Calculate Compound Interest
Calculating compound interest is simple with our free online compound interest calculator. Find how much money you can save over time. This calculator is a quick way to find out how much an initial investment will be worth in a certain amount of years. It’s very simple to use just enter in the initial investment or present value in the fist box, put the expected interest rate in the second box, and finally the number of years the money will compound in the third box. Press the Calculate button and this handy financial tool will tell you how much interest you will collect as well as the future value of the initial investment.
Compound Interest Calculator
Free Sample Weekly Budget Plan in Excel
Looking for a sample of a great Free Weekly Budget Plan? This is a basic budget broken down into 4 weeks. This is a great sample to use if you want to set up your own personal budget in a spreadsheet. This only a sample so it may not include all of your spending categories. If you want me to create you your own personal budget spreadsheet that matches all of your spending categories I would be happy to do so for a small fee. I can even set it up in a google document so you can use it even if you don’t have Microsoft Excel. Please just send an email to webmaster@lexchoice.com and we’ll get things started.
Free Sample weekly Budget Plan in Excel Format
Net worth calculator
Do you know your net worth? We’ve composed a free net worth spreadsheet calculator to help you figure it out. It’s a great worksheet that can be downloaded in seconds. It’s written in Microsoft Excel so it’s pretty simple to use and can be tracked from month to month.
So what exactly does net worth mean? It’s basically the difference between your assets and liabilities and hopefully a positive number. In short add up what everything you have is worth, add in your savings and retirement and the subtract all your debts including home, auto, and credit cards. It’s very important to track your net worth when it comes to personal finance.
The average american’s net worth in 2007 was about $93,000, so where do you stand? Here is a quick excel worksheet that is free to download and will help you figure out your net worth and continue to track it in the future.
Free financial advice, free budget worksheets, personal money management
Personal finance website with a goal of providing free budget worksheets, free money management advice, debt management, and saving advice for your household.
The most important step in getting your personal finances in control is creating a budget and sticking to it. This site will provide you with articles and information about anything related to finances with some personal stories from myself.
Free Sample Excel Budget
Ready to start following a personal budget? Here is a basic, but detailed free sample excel budget. Sometimes budgets can be tough to stick with, but having everything laid out for you in a nice clean simple format makes thing much easier. All the categories have sub categoies so you can track spending by categories. Simply put in your monthly paychecks and your monthly expenses and let the program do the rest.
Download our free sample excel budget now!
Check your finance knowledge
Check your finance knowledge
Think you know everything about money and finance, well that may be so but please take our quiz to find out. It’s fun and who knows you might learn something! Post your results and comments as well as anything you learned.
Get Your Own Quiz!, More Quizzes
Mortgage Payment Calculator
Mortgage Payment Calculator
Calculate your monthly payment on a new home or how much your payment will be on a refinance with our simple payment calculator. Even the smallest amount of interest rate can save you thousands of dollars over the lifetime of a 30 year loan. Don’t waste your money use our calculator as a quick reference guide to saving.
How to Calculate Private Mortgage Insurance (PMI)
How to Calculate Private Mortgage Insurance (PMI)
Private mortgage insurance (PMI) or Lenders mortgage insurance (LMI) is only issued with conventional loans. It is required when you purchase a home with less than a 20% down payment. It’s basically an insurance policy that is payable to the lender in the chance that the borrower defaults on the loan. The amount of PMI varies based on factors including the length of the loan term, frequency of the payments, loan to value amount (LTV amount).
