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Financial Calculators

1st Source wants to help you make financial decisions that are right for you. That's why we're providing easy-to-use planning calculators to assist you with your financial goals.

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College Savings Calculator

How much money do you need to save each month in order to pay for college?

Today's yearly tuition: $
Years of college:
Amount you have now: $
Years until college begins:
Expected interest rate: %
Expected income tax rate: %
Expected inflation rate: %

In 15 years, 4 years of college will cost $55,180.63. At this rate, you would need to save $175.61 each month to reach the $55,180.63 goal.

NOTE: This assumes the entire amount will be saved when college begins.

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TimeValue Software
Online financial calculators

for
1st Source Bank

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The information provided by these calculators is for illustrative purposes only. The information entered may vary from your actual loan, mortgage, investment, or savings results. Interest rates are hypothetical and are not meant to represent any specific investment. Rates of return will vary over time, particularly for long-term investments. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by 1st Source Bank.


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