Pre-Need Payment Calculator

Calculate monthly installment payments for pre-need funeral plans, including inflation savings analysis.

Total Funeral Cost

Down Payment

Interest Rate

Payment Term (months)

Funeral Cost Inflation Rate

Tab to move between fields

Monthly Payment

$169.84

≈ 11 movie tickets

Future Cost (w/ Inflation)

$11,592.74

≈ 8 months of rent

Total Paid$11,190.47

Interest Paid$1,190.47

Savings vs. Waiting$402.27

How to Use This Calculator

Enter the Total Funeral Cost and any Down Payment you plan to make upfront.
Enter the Interest Rate and Payment Term in months for a pre-need installment plan.
Enter the Funeral Cost Inflation Rate to estimate what services will cost at the time of need.
Review the Monthly Payment and Total Paid with interest over the payment period.
Check Future Cost with Inflation and Savings vs Waiting to see the financial benefit of pre-planning.

How the result changes with Total Funeral Cost

Total Funeral Cost: Total cost of the pre-need funeral plan
Down Payment: Initial down payment toward the plan
Interest Rate: Annual interest rate on the payment plan
Payment Term (months): Number of months to spread payments over
Funeral Cost Inflation Rate: Expected annual inflation rate for funeral costs (historically ~3-4%)

Identify Input Parameters
4 parameters
Total Funeral Cost = 10000, Down Payment = 1000, Interest Rate = 5, Payment Term (months) = 60 = 5 input(s) provided
Calculate Monthly Payment
Monthly Payment
169.84 = $169.84
Calculate Future Cost
Future Cost
11592.74 = $11,592.74
Calculate Total Paid
Total Paid
11190.47 = $11,190.47
Calculate Interest Paid
Interest Paid
1190.47 = $1,190.47