Financial Calculator - Mortgage, Cars, Investments-financial calculator tool

Example

A user wants to buy a house worth $400,000 with a 20% down payment, a 30-year loan term, and an interest rate of 4%. By inputting these values, the calculator provides the monthly mortgage payment, including property taxes, insurance, and HOA fees.

Scenario

John is planning to purchase a new home and needs to know if he can afford the monthly payments. By using the mortgage calculation function, he inputs the house price, down payment, loan term, interest rate, and additional costs to get a clear picture of his financial obligations.

Example

A user is looking at a car priced at $30,000, with a 10% down payment, a 5-year loan term, and an interest rate of 3%. By entering these details, the calculator provides the monthly payment amount and the total interest paid over the term.

Scenario

Emily wants to buy a new car but is unsure how much her monthly payments will be. She uses the car loan calculation function, inputs the car price, down payment, loan term, and interest rate, and finds out her monthly financial commitment and the total cost of the loan.

Example

A user invests $10,000 initially with a monthly contribution of $200, expecting an annual return rate of 8% over 20 years. The calculator projects the future value of the investment, showing how much the user will have at the end of the term.

Scenario

Mark is planning for his retirement and wants to see how his investments will grow over the next 20 years. He uses the investment growth projection function, inputs his initial investment, monthly contributions, expected return rate, and investment period to get an estimate of his future savings.