The user enters the 'Periodic Savings Amount' (amount saved or invested every month) the 'Number of Months' and the 'Annual Interest Rate' or the annual rate of return one expects to earn on their investments. This calculator easily answers the question 'If I save 'X' amount for 'Y' months what will the value be at the end?' The term (duration) of the loan is expressed as a number of months.Savings Calculator - calculate future value If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule. Points are expressed in percent and are calculated on the amount borrowed. Borrowers (normally only in USA) may select to pay a lender 'points' up front in exchange for a lower interest rate. Points are charges that are normally due at closing. One such case might be apprciation of the real estate.) (There may be other conditions as well under which the lender will no longer require PMI. The calculator handles this automatically. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. Premiums are typically 0.5% to 2.0% of the original loan amount. If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Property taxes and insurance are combined under escrow. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. Or if you know the price of the real estate and the loan amout and enter '0' for the down payment percentage, the calculator will calculate the down payment amount and percentage. If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price. You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you need a more advanced 'Savings Calculator' - one that lets the user solve for the starting amount, the amount to invest, the interest rate, the term required to reach a goal or the future value or if you would like to easily print the schedule or if you need to pick a different investment frequency, then you may want to try the calculator located here: https://savings-calculator The investment term is always expressed in months. The schedule can be copied and pasted to Excel, if desired.

The calculator quickly creates a savings schedule and a set of charts that will help the user see the relationship between the amount invested and the return on the investment. Savings Calculator - calculate future value

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