Download Home Mortgage Calculator Template In Excel

Download our free Home Mortgage Calculator for Excel. It  is a powerful all-in-one spreadsheet that combines many of the features from our other mortgage and Home loan calculators. It lets you analyze a variable-rate mortgage or fixed-rate mortgage. Also, figure out how much you can save by making extra payments.

It helps you estimate the loan repayment (including insurance and interest payments). Also, If you want to estimate other monthly expenses for owning a house, you can try our Home Expense Calculator . Check out our other mortgage spreadsheets as well from category, and let us know if you need something that we don’t have.

Best Home Mortgage Excel Calculator

This Excel spreadsheet is an formula driven automated home mortgage calculator. It lets you analyze a fixed or variable interest rate home mortgage. Moreover, You can also set up periodic extra payments, or add additional payments manually within the Payment Schedule. In fact, Use the spreadsheet to compare different term lengths, rates, loan amounts, and the savings from making extra payments. It also calculates the outstanding balance at the end of a specified number of years and the tax returned if the interest paid is tax deductible.

How to use free home mortgage calculator?

Definitions of some of the terms are included as cell comments in the spreadsheet. So, if you have questions, you can hover the mouse cursor over any cell that has a little red triangle in the corner.

This mortgage calculator can help you answer some of the following questions:

  • you can save by making extra payments
  • Also get tax deduction from paying interest change over time?
  • How much might my monthly payment change over time if I have a variable-rate mortgage?
  • How soon could I pay off my home if I make extra payments?
  • What will my loan balance be at the end of 3 or 5 years?

Feature of our Home Mortgage Calculator

  • Estimates Property Taxes and Insurance for calculation of the Government payments.
  • Automatically calculates so-called “Accelerated Bi-Weekly” payments.
  • Highly flexible extra payment options.
  • Select a fixed-rate or variable rate mortgage.

Choose when to start the scheduled extra payments.

How much house loan can I afford?

To calculate how much house you can afford, we should take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of savings available for a upfront down payment. As a home buyer, you’ll need to have a certain level of comfort in understanding your monthly Home EMI payments.

While your household income and regular monthly fixed EMI may be relatively stable, unexpected expenses and unplanned spending can impact your savings.

A good affordability rule of thumb is to have three months cash reserve for payments, including your housing payment and other monthly debts, in reserve. This will allow you to cover your mortgage payment in case of some unexpected event.

How to analyzing your existing mortgage before your buy new home

There are a couple of ways to analyze your existing home mortgage.

The first step is to enter the original loan amount and date and then make adjustments to the payment history within the repayment schedule as needed. That is the simplest solution, so we’ve added a feature to the additional payments section (at the suggestion of one of our users) that lets you specify what payment you want the extra payments to start at. So, if you’ve already been making payments for a couple of years, you can choose to have scheduled extra payments start on payment number 25.

The second approach is to enter the current mortgage balance and adjust the term length until the PI payment matches what you are currently paying. Remember that if paying monthly, you can enter a fraction of a year by entering a value like =10+5/12 (for 10 years and 5 months).

Download this Home Mortgage Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Home Mortgage Calculator Excel Template

Instruction :

All Excel templates and tools are sole property of User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

 You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from  Completely Free. All our templates are designed by Professionals

Download Free Editable Excel Templates | Popular Templates

Insurance Quote Template

Insurance Quote

Introduction: Streamlining Insurance Quotations An insurance quote is a vital document in the insurance industry, serving as a preliminary estimate of premiums for potential clients.

Read More »
Freelance Quotation Template

Freelance Quotation

Introduction: Mastering Freelance Quotations In the world of freelancing, creating an effective quotation is crucial for outlining the scope and cost of your services to

Read More »
Fencing Quotation

Fencing Quotation

Introduction: Navigating Fencing Service Quotations A fencing service quotation is an essential tool for businesses in the fencing industry. It provides potential clients with a

Read More »
Event Planning Quote

Event Planning Quotations

Introduction: Excelling with Event Planning Quotations An event planning quote is a critical document for event planners, detailing proposed services and costs for organizing an

Read More »
Construction Quote Template

Construction Quote

Introduction: Optimizing Construction Quotations A construction quote is a fundamental document in the construction industry, serving as a formal proposal of costs for construction services

Read More »
Cleaning Quote

Cleaning Quote

Introduction: Perfecting Cleaning Service Quotations Creating an effective cleaning service quotation is crucial in the cleaning business. It serves as a formal proposal outlining the

Read More »

Free editable professional Excel templates can be a useful tool for businesses, organizations, and individuals looking to streamline their data management and reporting processes. These templates can provide a pre-designed and pre-formatted framework for storing and organizing data, as well as for creating charts, graphs, and other visualizations to help communicate that data more effectively.

One advantage of using professional Excel templates is that they are often designed by experienced professionals who understand best practices for data management and visualization. This means that the templates are likely to be well-organized, easy to understand, and aesthetically pleasing, which can make working with them more efficient and enjoyable.

Another advantage is that these templates are often fully editable, allowing users to customize them to meet the specific needs of their organization or project. This can include adding or deleting rows and columns, changing the formatting and layout, and adding custom formulas and functions.

Some examples of professional Excel templates that may be available for free include budgeting templates for personal or business use, project management templates for tracking tasks and deadlines, and sales tracking templates for analyzing and forecasting sales data. There are also a wide variety of templates available for specific industries, such as real estate, marketing, human resource, Payroll management and among others.

Overall, free editable professional Excel templates can be a valuable resource for anyone looking to improve their data management and analysis skills. By providing a pre-designed and customizable framework for storing, organizing, and visualizing data, these templates can help users save time and make more informed decisions.