This will give you a potentially far more accurate estimate than working with
a single rate calculator.
Not exact matches
When we use this
calculator with Buster's TFSA, his
rate of return is much closer to that of the index benchmark because the influence of the
single ill - timed contribution is reduced and his
rate of return is much closer to the index benchmark:
The
calculator computes a
single flat percentage of income as the monthly payment for both saving and borrowing based on the anticipated college costs, the number of years of savings before matriculation, the number of years in repayment on the loans, the interest
rate on savings, the interest
rate on debt, current adjusted gross income (AGI) and annual salary growth
rate.
For example, using the
calculator on the National Reverse Mortgage Lenders Association website and
rates in effect as of December 2013, a
single 65 year old homeowner with a $ 300,000 home could get a reverse mortgage for up to $ 152,100.
Each consists of four Compact Variable Terminal Value
Rate (Compact VTVR or CVTVR)
Calculators side by side, in a
single spreadsheet.
There's no
single savings or withdrawal
rate that's right for everyone, but you can get an idea of what makes sense for you by going to a good online tool like T. Rowe Price's Retirement Income
Calculator, which you'll find in the Tools &
Calculator's section of RealDealRetirement.com.
This fixed -
rate mortgage
calculator provides customized information based on the information you provide, but it assumes a few things about you - for example, you have what is considered very good credit (a FICO credit score of 740 +) and you're buying a
single - family home as your primary residence.
The
calculator computes a
single flat monthly payment for both saving and borrowing based on the anticipated college costs, the number of years of savings before matriculation, the number of years in repayment on the loans, the interest
rate on savings and the interest
rate on debt.