First Minnetonka offers you the following financial calculators that are useful when you are trying to determine the potential payment on a loan or home mortgage*. You can also use them to help estimate how much money you’ll need for retirement, and how your money can grow to help you reach that stage, among many other useful features.
Enter the loan amount, interest and number of years for the loan you are considering in the spaces provided. When finished, click “calculate” to determine the approximate payment. The payments for this type of loan can be applied to a mortgage, car loan, or any other simple interest amortization over a fixed time with fixed monthly payments.
Want to see how much your monthly mortgage payment would be? Use this calculator to determine your total monthly mortgage payment, and detail what portion of that is for taxes, insurance, and principal and interest.
The FDIC’s Electronic Deposit Insurance Estimator (EDIE) is an interactive application that can help you learn about deposit insurance and calculate the insurance coverage of your accounts.
*These calculators are estimating tools only and do not represent actual First Minnetonka City Bank calculations.