Calculators

Whether you're calculating a loan payment, savings rate, or age of retirement, the following calculators can help you manage your financial life and plan for the future.

Vehicle Loan Calculators  

• Which is better: new or used?
• How much should depreciation cost me?
• Should I lease or purchase a vehicle?
• Should I finance or pay cash?
• How much will my vehicle payments be?
• Which vehicle loan is better?
• What term of loan should I choose?
• Should I use a home equity loan instead of an auto loan?
• Which is better: a rebate or special dealer financing?

• How long should I keep a car?

• What car can I afford?

Mortgage/Home Loan Calculators  

• How much can I borrow?
• How much will my mortgage payments be?
• How much will my adjustable rate payments be?
• Which is better: fixed or adjustable?
• Should I pay points to lower the rate?
• Which is better: 15 or 30 year term?
• How much should I put down for a new home?
• How much can I save in taxes?
• What will my closing costs be?
• Am I better off renting?
• Am I better off refinancing?

Credit Card Calculators  

• How important is the interest rate?
• How will rate changes affect my balance?
• Is a lower rate worth the annual fee?
• What will it take to pay off my balance?
• Should I consolidate my debts?
• Which is better: flight card or low rate card?
• Which is better: rebate card or low rate card?
• Should I consolidate my credit cards?

Line of Credit Calculators  

• How large of a line of credit can I obtain?
• Should I consolidate my debts?
• Should I use a home equity loan or an auto loan?
• How much will my loan payments be?
• What will my tax savings be?
• What will it take to pay off my line of credit?

   

Savings Calculators  

• What will it take to become a millionaire?
• How much will my savings be worth?
• What will it take to save for a vehicle, home, etc.?
• What will it take to save for a college education?
• How will taxes and inflation affect my savings?
• How much of a difference will the rate make?
• What's it worth to reduce my spending?
• How much, at what rate, when?
• Which is better: cash or payments?
• How much will my CD be worth at maturity?

Budget Calculators  

• How much am I spending?
• Should I pay off debt or invest in savings?
• What will it take to pay off my balance?
• How much should I set aside for emergencies?
• How much will it cost to raise a child?
• What's it worth to reduce my spending?
• Should my spouse work too?

Retirement Calculators  

• How will retirement affect my expenses?
• Am I saving enough? What can I change?
• How will this account be used?
• What will I earn with this account?
• How advantageous is increasing my savings?
• Which savings or income source will be the largest?
• How much can I invest before taxes each year?
• What if I underestimate my expenses?
• What will my income be after I retire?
• What will my expenses be after I retire?
• What happens if tax laws change?
• How much of an effect can inflation have?
• Which savings should be used first?
• How much will Social Security provide?
• What if Social Security no longer exists?

Roth IRA Calculators  

• Which will provide the most retirement income?
• How will changes in my tax rate affect the decision?
• What option is best for estate planning?
• How do return rates affect my retirement income?
• When should I begin saving?
• How will a large withdrawal affect the decision?
• Should I convert my IRA into a Roth IRA?
• How much may I contribute to an IRA?

Life Insurance Calculators  

• How much life insurance do I need?
• What is my return on a whole life policy?
• What is my return on a universal life policy?
• What is my return on a variable life policy?
• Which is better: term or whole life?
• Which is better: term or universal life?
• Which is better: term or variable life?

Small Business Calculators  

• How much do I need to start my business?
• Should I buy or lease equipment?
• How long will it take to repay my loan?
• What term of loan should I choose?
• Should I get a loan or a line of credit?
• Should I take advantage of trade discounts?
• Should I lease or own my business location?
• What is my business worth today?

College Planning Calculators  

• What will it take to save for a college education?
• What is the value of higher education?
• What investments can I use to save for college?
• What expenses do I face prior to attending college?
• Should I live on campus, off campus or at home?
• How much should I budget for college living expenses?
• Is a meal plan a good deal?

Lake Trust Routing Number: 272078268
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501 S. Capitol Avenue Lansing, MI 48933 (800) 937-7328

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