This spreadsheet is created to help you manage your credit card payment. It will show you number of months you need to pay off your credit card with minimum payment, or it will show you amount of payment needed each month if you plan to pay off your credit card within your month period plan.
This spreadsheet will show you whether refinancing your mortgage will save you money. The right refinancing package can save you thousands of dollars in interest. As much money as refinancing can save you, though, there’s an even faster way to pay off your mortgage, while adding massive equity to your home.
Many experts recommend checking out the option of refinancing if interest rates are at least 1% less than what you’re currently paying. Of course, it depends on the remaining term of your current mortgage, as well as the remaining principal of your current mortgage. And this is the purpose of this spreadsheet being made, to ease your refinancing calculation.
Your buyer may have the down payment, but are their financials strong enough to keep up with your Seller Financed mortgage? With this spreadsheet, you’ll be able to easily calculate their debt load before you hand them the keys. After inputting the borrower and co-borrower’s gross income, payroll deductions and monthly expenses, you’ll be able to instantly determine if their debt-to-income ratio falls within standard guidelines.
By entering in some basic details, this spreadsheet will generate a payment schedule for the entire life of your investment. The Owner Financing Amortization Schedule also allows you to set a balloon payment date for your note and can estimate payments for notes with terms up to 50 years. You’ll be able to see the impact of the payments on principal balance, and how much of each payment is interest, taxes, and insurance.
If you’re selling your property with owner financing, then this spreadsheet is the tool you need for structuring your deal. By plugging in the taxes, insurance, sale price and length of the note into this spreadsheet, you’ll be presented with a full matrix of payments for interest rates between 5.5-8.0%, and down payments between 0-20%. At a glance, you’ll be able to see what interest rate you can offer based on your buyer’s down payment and still get a monthly cash flow from the property.