Inflation Rate Calculator Updated for Feb 2017

ProAPOD updated the Inflation Rate calculator in it’s iCalculator real estate calculator program to reflect the latest US inflation rate government data released Wednesday, March 15. This update means that iCalculator users will be able to compute US inflation rates from 1913 through February 2017.

For example, let say that you want to determine how much you would have to spend in February 2017 to have the same buying power for goods and services you spent may have spent (say) $200.00 for similar goods and services in 1933. You would select 1913 as the starting year, then enter $200.00 as the dollar amount spent, then select 2017 as the ending year, and then click Calculate to reveal the result: $4,921.27 and 2360.6%.

iCalculator’s Inflation Rate calculator does not limit you to either the years or the amount you want to compute, however. You can select any starting year and any ending year (e.g., 1913, 1948, 1995, 2010 and so on). And you can enter any amount (e.g., $1.00, $950, $20,500 and so forth).

So You Know

If you are a current user of iCalculator, the Inflation Rate calculator will automatically reflect this latest update the next time you calculate. Learn more about iCalculator…

Inflation Rate Calculator Updated for December 2016

The US annual inflation rate over 2016 climbed at the fastest pace in five years according to government data released Wednesday, January 18. iCalculator, therefore, has updated its Inflation Rate calculator to reflect this most current data. So you can now compute inflation rates from 1913 through December 2016. For example, you can now determine how much you would have to spend in December 2016 to equal the same buying power for goods and services you spent may have spent (say) $20.00 for similar goods and services in 1913. (Answer: $484.86).

iCalculator’s Inflation Rate calculator does not limit you to either the years or the amount you want to compute, however. You can select any starting year and any ending year (e.g., 1913, 1962, 1995, 2011, and so on). And you can enter any amount (e.g., $1.00, $20, $950, $2,500 and so forth).

So You Know

If you are a current user of iCalculator, the Inflation Rate calculator will automatically reflect this latest update the next time you calculate. Learn more about iCalculator…

Calculating a Buyer’s Maximum Purchase Price

maximum-purchase-price-form

Real estate agents and buyers are often faced with the dilemma of trying to calculate the maximum purchase price a buyer can afford to pay based upon certain buyer criteria.

  1. The buyers desired cash down payment
  2. The buyers desired monthly mortgage payment
  3. The buyers anticipated mortgage rate and terms

For example, let’s say that the buyer has $10,000 cash to put down, can afford to pay $1,200 per month, and would reasonably expect a bank to quote a fully amortized thirty-year loan at 5.9% interest rate.

The solution is fairly straightforward: cash down + loan amount = the maximum purchase price.

Okay, but the challenge is being able to calculate the correct loan amount at an interest rate of 5.9% that will fully amortize at $1,200 per month (principal and interest) for 30 years.

To make it easy for you, we have included a “Maximum Price” calculator in our iCalculator program. You just enter four lines of data to get the result. (Note illustration below).

maximum-purchase-price-form

So You Know

The buyer’s maximum purchase price is just one of over sixty online real estate calculators available in iCalculator. See them all at real estate calculators

Inflation Rate Calculator Updated for October Increase

According to government data released Thursday, November 17, annual inflation in the United States ran at the fastest rate in two years as consumer prices in October climbed the most they have in the previous six months of this year.

iCalculator, therefore, has updated its Inflation Rate calculator to reflect this most current data. That means you can now compute inflation rates from 1913 through October 2016. For example, you can now determine how much you would have to spend in October 2016 to equal the same buying power for goods and services you spent may have spent (say) $20.00 for similar goods and services in 1913. (Answer: $488.34).

But so you know: iCalculator’s Inflation Rate calculator does not limit you to either the years or the amount you want to compute. You can select any starting year and any ending year (e.g., 1913, 1956, 1988, 2015, and so on). And you can enter any amount (e.g., $1.00, $20, $780, $1,000,000, or whatever).

So You Know

Users never pay for updates. So if you are a current user of iCalculator, the Inflation Rate calculator will automatically reflect this latest update the next time you calculate. Learn more about iCalculator…

Sales Proceeds Calculation {Video}

I made a video to illustrate a quick and easy way property sellers can estimate how much cash they can expect to receive as sales proceeds due to a sale.

This video will walk you through a sample sales proceeds calculation using the sales proceeds calculator included in my iCalculator suite of online real estate calculators.

The result is based upon a couple of entries in the user-friendly form and is the proceeds before income taxes. To learn more about iCalculator visit the site

Rent vs Buy Calculator Added

A Rent vs Buy Calculator has been added to the suite of almost sixty online real estate calculators provided by iCalculator.

This means that you can determine whether it’s financially better for you to rent or buy a home based upon your assumptions.

The Rent vs Buy Calculator provides an easy-to-use form that you can complete in seconds. Once the necessary data is entered, you simply click the Calculate button to get an immediate result: “Better to rent” or “Better to buy”. In other words, you will instantly know which costs you less.

The calculator also includes the solution. That is, it displays the calculations step-by-step so you will understand how the calculator arrived at the result.

The calculation is based upon your potential rental and purchase assumptions for an estimated time period. In other words, the calculation is made for the number of years you expect to hold the house following a purchase (e.g., 2, 5, 10 years).

Unlike some other calculators of this type, our iCalculator Rent vs Buy calculator includes an estimated cost for Private Mortgage Insurance (PMI) when you indicate that your down payment on a purchase will be less than 20%.

So You Know

The Rent vs Buy Calculator is a free update for current users of iCalculator. The next time you login the calculator will be there under the Mortgages category.