When we were working our way through the Dave Ramsey Baby Steps, we didn’t know about any of these calculators. Actually, I’m not sure they even existed at the time, and they certainly aren’t in one easy-to-find place on his web site. These 13 Dave Ramsey calculators will help you create strategies for paying off your debt, saving for college, planning for retirement, and more. (#10 really surprised us at first!)
While you’re here be sure to check out our Dave Ramsey meal plan for a beans and rice budget, free Dave Ramsey inspired budgeting printables, and this super fun post about 13 things Dave Ramsey fans wish you knew. Oh, and if you’ve never read our personal debt free story, you can find it at We’re Debt Free! Our Story of How We Paid Off Our House. Enjoy!
Dave Ramsey Calculators
1. Dave Ramsey Mortgage Calculator
Buying a home? In the mortgage calculator, you can type in your purchase price, interest rate, down payment, taxes and more to get a monthly payment breakdown and/or a full payment schedule.
2. Dave Ramsey Mortgage Payoff Calculator
Use Dave’s mortgage payoff calculator to see how fast you can pay off your mortgage! Just enter information about your mortgage loan and how much extra you plan to pay toward your principal balance.
3. Dave Ramsey’s Cost of Living Calculator
To use the cost of living calculator, simply enter the two cities you want to compare, and your current salary, and this calculator will give you a cost of living comparison. You’ll see the breakdown of how your monthly expenses would compare between cities. The expense categories are autofilled based on averages of what people typically spend, but feel free to type in your actual expenses to get a more accurate comparison.
4. Dave Ramsey Retirement Calculator
How much money do you need to retire? In Dave’s R:IQ retirement calculator, you’ll describe your retirement plans and your current financial progress. Then the calculator will do some fancy math to figure out how big of a nest egg you’ll need. It will also break down how much you have to invest every month to make your dreams a reality.
5. Dave Ramsey Investment Calculator
In the 401k calculator / investment calculator, you can input your current retirement savings, your contributions, and your anticipated annual return rate into the investment calculator, and they’ll show you how much you can expect to have in retirement.
6. Dave Ramsey Net Worth Calculator
7. Dave Ramsey Term Life Insurance Calculator
Give this term life insurance calculator a snapshot of your life situation: marital status, number of dependents, income, debt and retirement saved. Then, it will suggest to you how much coverage you’ll likely need (about 10–12 times your yearly income) and how long you need to keep the insurance (the term).
8. Dave Ramsey College Savings Calculator
Want to get a debt free degree? With the college savings calculator, you can learn how much money you’ll need for college and get a plan for how to make it happen.
9. Dave Ramsey Student Loan Payoff Calculator
Don’t live with your student loans for 20 years. Use Dave’s student loan payoff calculator to see how much you can save on interest by making extra payments. Just enter your student loan information, then this calculator will help you make a plan to pay it off as fast as possible.
10. Dave Ramsey Car Payment Calculator
Honestly, we were kind of surprised to find this car payment calculator on the Dave Ramsey web site, but yes, it’s there. If you’re thinking about buying a car with debt, you can use their car payment calculator to see how much your monthly payment would be. Then stick around to see what’s even cooler than that car you’re eyeing. Maybe it will inspire you not to take out that loan after all.
11. Dave Ramsey Debt Snowball Calculator
We love this debt snowball calculator because it churns out your anticipated debt free date! Per Dave: “The only thing more predictable than the plot of a Hallmark movie is your debt-free date. (Yep, we can predict the future.) Our debt calculator can show you just how fast you can get there. Plug in your numbers to get started.” How awesome is that?
12. Dave Ramsey Debt-to-Income Ratio Calculator
Your debt-to-income ratio is just a fancy term to explain what percentage of your income goes toward debt each month. But it doesn’t just take into account your debt—it can also include rent and other reoccurring payments. If you want to see where you stand, use Dave’s handy debt-to-income ratio calculator.
13. Dave Ramsey’s How Much House Can I Afford? Calculator
To feel confident about buying a house you can afford, enter your monthly income into the How Much House Can I Afford? calculator and instantly get a list of home prices that fit your budget, based on Dave’s guidelines.
Remember, Dave teaches that you should hold off on buying a house unless you meet these qualifications:
- Are completely debt-free
- Have an emergency fund of 3–6 months of expenses
- Saved a down payment of 10–20%
- Can qualify for a 15-year fixed-rate conventional mortgage
The reason Dave teaches these guidelines is because when people throw a mortgage on top of all their debt, unexpected expenses or a job loss can easily crush them financially.
Let us know if you try any of these Dave Ramsey calculators out, and if they’ve helped you on your debt free journey. We’d love to hear about it!
BONUS: Our Budget “Beans & Rice” Meal Plan
Our free beans & rice budget meal plan comes straight to your email and is completely printable, so you can print it whenever you like. It’s helpful, easy, and will inspire you to eat at home, for less! Get it here.
Pro tip: Give eMeals a try. This is the meal planning service Dave Ramsey recommends on his show. For a small fee, they’ll even send your meal plan and shopping list over to a local store (like Walmart!) and have your groceries ready for you to just pick-up and go. Click here to try it free for 14 days.
You might also like:
- A Prayer For Finances: How to Pray When Money’s Tight
- “God Please Help Me Through This” – How to Pray When You’re Hurting
- 10 Free Printable Budgeting Worksheets You’ll Want to Try This Month
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