If you are thinking about buying a home but you are not confident enough to make that critical decision, try a mortgage calculator to get a better picture of your overall financial situation and determine whether it’s the right time and right situation to make that decision. The more data you’ll have at your disposal the more you’ll feel confident about your decision.
With this free mortgage calculator excel template, you’ll have a very compact and organized set of documents in which you can calculate how much money you have to pay monthly including the interests and taxes.
Mortgage Calculator Template
Use for Excel, OpenOffice, and Google Sheets
Calculating mortgage payments can be tricky as it includes different taxes and interests. And those interests and taxes can vary depending on the location. Our free mortgage calculator template is a standard document for any kind of mortgages. All you have to do is just find out the tax and interest rate and then change it on the document to make it work accurately. Our free mortgage template is specially designed to keep things simple and easy for you. You can calculate your monthly payment, yearly payment, PITI Payment, Fixed rate payment and extra payment calculated all at once with this template. You’ll be able to see the summary, a balance graph, payment schedules and other important information from this template. If this is the first time you are using a mortgage calculator then you can follow the guidelines from the second worksheet.
A mortgage calculator helps you to determine whether you can afford your desired property or not. It’s an excellent way to start your refinancing process. But you need to keep in mind that a mortgage calculator is only as good as the data you provide. So, make sure you are providing all the necessary data it needs. Also, make sure that those data are accurate. Some properties come with a house owners’ association fees and insurance fees. Make sure you know all the related fees so that you can negotiate with the property owner to make them pay some of those fees. This will help you to save some of your money. Try our free mortgage calculator template today and let us know if you want to see any improvements in it.