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 Home-Buying Decision Making spreadsheet is a combination of 3 calculators that help you take the right decisions on your home. In the very first step, the tool helps you to decide whether to rent or buy a home. While you decide to buy, the tool helps you to determine how much you can borrow based on your financial status. Finally, you can calculate how much you should save for a down payment. The calculations are simple and easy and help you in quick decision making.

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.