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.

 

Mortgage Qualification Calculator Added

mortgage qualification calculatorProAPOD Real Estate Investment Software has added a Mortgage Qualification calculator to the suite of online real estate calculators provided in its iCalculator real estate calculator solution.

This means that customers, in addition to the 55 other real estate calculations provided by iCalculator, can now estimate how much of a conventional mortgage they can obtain based upon their gross annual income and monthly expenses.

This Mortgage Qualification calculator, like all the other real estate calculators in iCalculator, includes an easy-to-use form and an informative explanation and example.

Once the form is completed the user simply clicks the Calculate button. The result (in this case the amount of a mortgage) appears instantly. As well as a detailed breakdown showing how the calculation was formulated along with the formula itself. So you can learn as well as calculate.

Plus, like all the other calculators, this Mortgage Qualification calculator enables full printing to both a printer or as a PDF. So it makes it easy for you to store your calculations and refer to the explanations and formulations provided in each of the various calculators in the future.

And, of course, iCalculator is fully responsive to all devices. It automatically fits small, medium, and large screens for easy reading and navigation. You can make this calculation instantly on your PC, MAC, laptop or phone without having to resize, pan or scroll your screen.

Plus, iCalculator is web-based. There is nothing to download. You simply login from any device wherever you are and start calculating. You always have 24/7 access.

How do you get the Mortgage Qualification calculator?

If you have already purchased iCalculator, you do nothing. Updates are free. If not, then we strongly recommend that you visit the iCalculator web site at online real estate calculators and discover it. We provide a list of all the real estate calculators along with screenshots.

If you decide to purchase you pay just $79.95. This is a one-time investment. There are no subscription fees, and updates are always free. Plus, you can try it risk-free for five days. If you elect not to keep it, we will refund your money immediately with no questions asked.