Excel Spreadsheets

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.

This is a conventional mortgage qualifying worksheet that can be used for your personal preliminary evaluation of your loan application. Or, you can use this sheet to evaluate which house that can be bought based on your income. Use this just for your personal reference only since different banks will have different policy on approving your loan application.