MEL WOLFE CPA LLCCertified Public Accountant
Financial Tools
Financial Tools

"Should I refinance my mortgage?" "How much do I need to save for my child's college education?" These are some of the questions that are posed by our clients on a daily basis. At Mel Wolfe CPA LLC, we are providing these interactive financial calculators and other tools to assist you with some of the day-to-day questions and concerns that may arise. While these financial tools are not a substitute for financial advice from a qualified professional, they can be used as a starting point in the decision making process.

Auto
Auto Rebate vs. Low Interest Financing, Car Loan Calculator, Home Equity Loan vs. Auto loan, Lease vs. Buy, More...
Business
Equipment Buy vs. Lease, Financial Ratios, Repossession of Real Property, More...

Insurance
Health Savings Account (HSA) Contribution Calculator, Health Savings Accounts (HSA) Employer Benefit, More...

Investment
Annual Stock Option Grants, Stock Option Calculator, Taxable vs. Tax Deferred Investments, More...

Loan
Amortizing Loan Calculator, More...

Mortgage
ARM & Interest Only ARM vs. Fixed Rate Mortgage, Mortgage Loan Calculator (PITI), Option ARM vs. Fixed Rate Mortgage, More...

Personal Finance
Life Expectancy, More...

Retirement
Beneficiary Required Minimum Distributions, How long will my retirement savings last?, Required Minimum Distribution (RMD) for Current Year, Roth (after-tax) Account or Pre-Tax Account?, Social Security Benefits, More...

Savings
College Savings, Emergency Savings Calculator, Home Buyer Savings Calculator, More...

Tax
1040 Tax Calculator, Earned Income Credit (EIC) Calculator, Estate Tax Planning, Marginal Tax Rate Calculator, Net to Gross Paycheck Calculator, Self-Employment Tax Calculator, More...

Auto


Auto Rebate vs. Low Interest FinancingUse this calculator to help you determine whether you should take advantage of low interest financing or a manufacturer rebate.
Car Loan CalculatorDetermine your car loan payment based on your purchase price or find out how much you can buy based on your monthly payment.
Home Equity Loan vs. Auto loanUse this calculator to determine if a home equity loan makes sense for your next automobile purchase.
Lease vs. BuyShould you lease your next automobile or finance it? Find out with this calculator!
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Business


Equipment Buy vs. LeaseShould you lease your equipment or finance it? Find out with this calculator!
Financial RatiosThis calculator helps you to zero in on areas of your business that may need attention. Areas such as solvency, liquidity, operational efficiency and profitability.
Repossession of Real PropertyIf you have repossessed real property, you can this calculator to determine the gain or loss as well as its new basis.
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Insurance


Health Savings Account (HSA) Contribution CalculatorThis Health Savings Account (HSA) calculator determines the amount you are allowed to deposit into an HSA account for the current tax year.
Health Savings Accounts (HSA) Employer BenefitThis calculator helps estimate the value of creating a High Deductible Health Plan (HDHP) with Heath Savings Accounts (HSA) for your employees.
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Investment


Annual Stock Option GrantsUse this calculator to project how much a series of annual stock option grants could be worth to you.
Stock Option CalculatorUse this calculator to determine the value of your stock options for the next one to twenty five years.
Taxable vs. Tax Deferred InvestmentsThis calculator is designed to help compare a normal taxable investment vs. a tax deferred investment.
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Loan


Amortizing Loan CalculatorEnter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment!
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Mortgage


ARM & Interest Only ARM vs. Fixed Rate MortgageUse this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
Mortgage Loan Calculator (PITI)Use this calculator to determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.
Option ARM vs. Fixed Rate MortgageUse this calculator see how a minimum payment on an Option ARM Mortgage can save you money on your monthly mortgage payment.
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Personal Finance


Life ExpectancyThis calculator can give you an idea of your life expectancy based on your current age, smoking habits, gender and several other important lifestyle choices.
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Retirement


Beneficiary Required Minimum DistributionsUse this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account.
How long will my retirement savings last?Use this calculator to see how long your retirement savings will last based on your retirement savings and your inflation adjusted withdrawals.
Required Minimum Distribution (RMD) for Current YearUse this calculator to determine your Required Minimum Distributions (RMD) as an account owner of a retirement account for the current year.
Roth (after-tax) Account or Pre-Tax Account?Starting in 2006, you may have the option to contribute to Roth account. Use this calculator to help determine which retirement plan option might be best for you.
Social Security BenefitsUse this calculator to estimate your Social Security benefits.
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Savings


College SavingsUse this calculator to help develop or fine tune your education savings plan.
Emergency Savings CalculatorThis calculator helps you determine how much emergency savings you may need, and how you can begin saving toward this important goal.
Home Buyer Savings CalculatorUse this tool to help you calculate what it might take to save for your new house.
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Tax


1040 Tax CalculatorEnter your filing status, income, deductions and credits and we will estimate your total tax. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April.
Earned Income Credit (EIC) CalculatorUse this calculator to determine if you qualify for the Earned Income Credit and if so, how much it might be worth.
Estate Tax PlanningKnowing your potential estate tax liability is a great place to start your estate tax plan. Use this calculator to estimate your estate tax liability.
Marginal Tax Rate CalculatorUse this calculator to determine your marginal and effective tax rates. This calculator sorts through the tax brackets and filing options to calculate your true tax liability.
Net to Gross Paycheck CalculatorDetermine the gross paycheck needed to provide a required net amount.
Self-Employment Tax CalculatorIf you are self-employed, operate a farm or are a church employee use this calculator to determine your self-employment taxes for tax year 2016.
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