Money and guessing do not ever go well together, especially when it’s your money. When you are trying to plan for your financial future, estimates won’t cut it. F&M Bank offers a variety of financial calculators to help you plan for your mortgage, investments, retirement and other parts of your financial life.
Meeting your long-term investment goal is dependent on a number of factors. This not only includes your investment capital and rate of return, but inflation, taxes and your time horizon. This calculator helps you sort through these factors and determine your bottom line.
Do you know what it will take to create a secure retirement? Use this calculator to help you create your retirement plan.
Calculate basic loan information. This calculator will calculate payments or loan value.
Saving for your children's education requires a long-term plan. And, like saving for retirement, the earlier you start your plan the better. Use this calculator to help develop or fine-tune your education savings plan.
Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay, and your principal balances. You can even determine the impact of any principal prepayments!
Rent or Buy
The decision to rent your home or buy it outright can mean spending or saving thousands of dollars. Use this calculator to ensure you make the right decision for your financial situation.
Early Mortgage Payoff
The interest on your mortgage can be costing you hundreds or thousands of dollars every month, so why not pay it off faster. With this calculator you can see how much interest you will save by paying more on each mortgage payment.
Credit Card Payoff
If you have fallen behind on your monthly credit card payments, this calculator can help you get back on track. Simply enter the current balance of your debt, your desired monthly payment amount and the credit card interest rate, and you will get a payment schedule to help you get out of the red.
You want the best for your child, especially when it comes to their college education. This calculator can help you determine how much you will need to save every month in order to send your child to a great school.
We all have savings goals, whether we are working towards retirement or trying to build up an emergency fund. Use this calculator to see how much you need to save each month to reach your goal.
Buying a new vehicle isn’t as easy as seems. You have to keep your monthly payment, down payment, trade value, loan term and interest rate in mind. This calculator can help you keep track of these various financial aspects.
The biggest fear among those close to retirement is outliving your money. This calculator provides a look at how long your savings account will last based on a set monthly withdrawal.
Smart investing requires looking down the road to see what current investments will be worth. This calculator uses investment value, time period, interest rate and compounding period to calculate what your investment today will look like in the future.
Loan payments can be a burden if you don’t know how much you can afford in monthly payments. This calculator gives you a look at just how much of a loan your current finances can allow you to take on.
The amount of mortgage you qualify for goes a long way in determining what kind of home you can buy. This calculator examines both your income and your expenses to estimate how much of a mortgage you qualify for.
If you have various loans, you may think about consolidating them into one monthly payment. Using this calculator, you can determine if consolidation is right for you, or if it may end up costing you more in the end.