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.
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.
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.
This spreadsheet will be useful if you have received a balance-transfer offer in the mail and you are wondering whether or not it could actually save you money.