mortgage calculator & planner demo

8/2/2019 Mortgage Calculator & Planner Demo

1/39

InstructionsYou may move from worksheet to worksheet by clicking on the dark blue buttonslocated at the top of each worksheet or the blue tabs at the bottom of this workbook.

Enter data in only the white cells with gray borders:

Mortgage CalculatorCalculate your monthly mortgage payment, the total loan payment over the life of the loan and well as

This calculator requires only four variables: purchase price, down payment, interest rate, and loan terInterest and principal payment detail is illustrated for you via the graph on the right side of the worksh

Amortization ScheduleBased off of your assumptions used on the "Mortgage Calculator" tab, this sheet lays out each paymeAt the beginning of the loan, you will see that most of your dollars go to covering the interest. In the oof your payment goes to paying down the principal.

Loan OptimizerChoose the best loan scenario for your personal needs. This worksheet calculates over 300 differentpurchase price, down payment, down payment increment, interest rate, interest rate increment, and lo

Down Payment Savings Calculator

This three in one savings calculator solves for the following based on your selection:How much will my savings grow to?How much do I need to save each month?How long will it take to save enough?

Affordability CalculatorUse this calculator to determine how much house you can afford based off of your income and currenYou may choose your own housing cost-to-income ratio as well as the debt-to-income ratio (the indus

Refinance CalculatorBased on your old/current mortgage and your new/potential mortgage, this worksheet will calculate yohow much you will save over the life of the new loan and how many years until the refinancing costs a

Financial Calculators available at www.simpleplanning.com- Budget Planner - Mortgage Calculator

- Investment Calculator - Tax Calculator- Retirement Planner - 401k Calculator

Software License AgreementSimpleplannings.com grants usage of this financial planning "software" under the following terms andAfter the purchasing and downloading of this software from Simpleplanning.com, the purchaser is gra

QuEmail us at demo

Budget Planner - Overview

$400

MortgageCalculator

Down PaymeSavings Cal
mailto:[email protected]:[email protected]:[email protected]:[email protected]


2/39

The "licensee" may make copies of this product in an amount that does not exceed the number of liceSimpleplanning.com, or for the purpose of creating a backup copy.This file or the software contained in this file shall not be transferred to a non-licensee without the writ

Limitation of LiabilitySimpleplanning.com will not be held liable for damages in the event of, but not limited to inaccurate a

software, hardware, data and network failure and profit/savings losses as a result of using this softwa


3/39

the full interest payment.

(yrs)et.

nt over the life of the loan.t years, more and more

mortgage scenarios based on your inputs:an term.

t debt (car loan, credit cards, etc.)try standard is 28% and 36%, respectively)

ur monthly mortgage reduction,re recouped.

conditions:nted a "license" to use this product.

[email protected]

AmortizationSchedule

Loan Optimizer

ntc

AffordabilityCalculator

RefinanceCalculator
mailto:[email protected]:[email protected]:[email protected]:[email protected]


4/39

nses originally purchased from

en consent from Simpleplanning.com.

sumptions, calculation errors,

e.


5/39

Purchase Price

Down Payment

Term of Loan (30 yrs, 15 yrs, etc.)

Annual Interest Rate

Monthly Payment

Total Home Loan Amount

Total Loan Payment

Total Interest

388,509$

208,509$

1,079$

180,000$

200,000$

20,000$

30

6.00%

Mortgage Calculator

MortgageCalculator

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

1 3 5 7 9

In

Mortgage Assumptions

Results

See Amortization Schedule


Loan OptimizerDown PaymentSavings Calc


RefinanceCalculator

Overv


6/39


7/39

Year

11 13 15 17 19 21 23 25 27 29

Interest Principal

terest and Pricipal Paid

iew


8/39


9/39

Year

Beginning

Balance

Mortgage

Pmt

Interest

Paid

Principal

Paid

Ending

Balance Month

Beginning

Balance

1 180,000$ 12,950$ 10,740$ 2,210$ 177,790$ 1 180,000$

2 177,790$ 12,950$ 10,604$ 2,347$ 175,443$ 2 179,821$

3 175,443$ 12,950$ 10,459$ 2,491$ 172,951$ 3 179,641$

4 172,951$ 12,950$ 10,305$ 2,645$ 170,306$ 4 179,460$

5 170,306$ 12,950$ 10,142$ 2,808$ 167,498$ 5 179,278$

6 167,498$ 12,950$ 9,969$ 2,982$ 164,516$ 6 179,095$

7 164,516$ 12,950$ 9,785$ 3,165$ 161,351$ 7 178,911$

8 161,351$ 12,950$ 9,590$ 3,361$ 157,990$ 8 178,727$

9 157,990$ 12,950$ 9,382$ 3,568$ 154,422$ 9 178,541$

10 154,422$ 12,950$ 9,162$ 3,788$ 150,634$ 10 178,355$11 150,634$ 12,950$ 8,929$ 4,022$ 146,613$ 11 178,167$

12 146,613$ 12,950$ 8,681$ 4,270$ 142,343$ 12 177,979$

13 142,343$ 12,950$ 8,417$ 4,533$ 137,810$ 13 177,790$

14 137,810$ 12,950$ 8,138$ 4,813$ 132,997$ 14 177,599$

15 132,997$ 12,950$ 7,841$ 5,109$ 127,888$ 15 177,408$

16 127,888$ 12,950$ 7,526$ 5,425$ 122,463$ 16 177,216$

17 122,463$ 12,950$ 7,191$ 5,759$ 116,704$ 17 177,023$

18 116,704$ 12,950$ 6,836$ 6,114$ 110,590$ 18 176,829$

19 110,590$ 12,950$ 6,459$ 6,491$ 104,098$ 19 176,634$

20 104,098$ 12,950$ 6,058$ 6,892$ 97,206$ 20 176,438$

21 97,206$ 12,950$ 5,633$ 7,317$ 89,890$ 21 176,241$

22 89,890$ 12,950$ 5,182$ 7,768$ 82,121$ 22 176,043$

23 82,121$ 12,950$ 4,703$ 8,247$ 73,874$ 23 175,844$24 73,874$ 12,950$ 4,194$ 8,756$ 65,118$ 24 175,644$

25 65,118$ 12,950$ 3,654$ 9,296$ 55,822$ 25 175,443$

26 55,822$ 12,950$ 3,081$ 9,869$ 45,952$ 26 175,241$

27 45,952$ 12,950$ 2,472$ 10,478$ 35,474$ 27 175,038$

28 35,474$ 12,950$ 1,826$ 11,124$ 24,350$ 28 174,834$

29 24,350$ 12,950$ 1,140$ 11,811$ 12,539$ 29 174,629$30 12,539$ 12,950$ 411$ 12,539$ 0$ 30 174,423$

31 174,216$

32 174,008$

33 173,798$

34 173,588$

35 173,377$

36 173,165$37 172,951$

38 172,737$

39 172,521$

40 172,305$

41 172,087$

42 171,868$

43 171,649$

44 171,428$

45 171,206$

Yearly Amortization Schedule Monthl

See Mortgage

Calculator

MortgageCalculator




RefinanceCalculator

Overvie


10/39

46 170,982$

47 170,758$

48 170,533$

49 170,306$

50 170,078$

51 169,850$

52 169,620$53 169,389$

54 169,156$

55 168,923$

56 168,688$

57 168,453$

58 168,216$

59 167,978$

60 167,738$

61 167,498$

62 167,256$

63 167,013$

64 166,769$

65 166,524$

66 166,277$

67 166,029$

68 165,780$

69 165,530$

70 165,279$

71 165,026$

72 164,772$

73 164,516$

74 164,260$

75 164,002$

76 163,743$

77 163,482$

78 163,220$

79 162,957$

80 162,693$

81 162,427$

82 162,160$

83 161,892$

84 161,622$

85 161,351$

86 161,078$

87 160,805$

88 160,529$

89 160,253$

90 159,975$

91 159,696$

92 159,415$93 159,133$

94 158,849$

95 158,564$

96 158,278$

97 157,990$

98 157,701$

99 157,410$

100 157,118$


11/39

101 156,825$

102 156,530$

103 156,233$

104 155,935$

105 155,635$

106 155,334$

107 155,032$108 154,728$

109 154,422$

110 154,115$

111 153,807$

112 153,496$

113 153,185$

114 152,871$

115 152,557$

116 152,240$

117 151,922$

118 151,603$

119 151,281$

120 150,959$

121 150,634$

122 150,308$

123 149,981$

124 149,651$

125 149,320$

126 148,988$

127 148,654$

128 148,318$

129 147,980$

130 147,641$

131 147,300$

132 146,957$

133 146,613$

134 146,267$

135 145,919$

136 145,569$

137 145,218$

138 144,865$

139 144,510$

140 144,153$

141 143,795$

142 143,434$

143 143,072$

144 142,709$

145 142,343$

146 141,976$

147 141,606$148 141,235$

149 140,862$

150 140,487$

151 140,110$

152 139,732$

153 139,351$

154 138,969$

155 138,584$


12/39

156 138,198$

157 137,810$

158 137,420$

159 137,028$

160 136,634$

161 136,238$

162 135,840$163 135,440$

164 135,038$

165 134,634$

166 134,228$

167 133,820$

168 133,410$

169 132,997$

170 132,583$

171 132,167$

172 131,749$

173 131,328$

174 130,906$

175 130,481$

176 130,054$

177 129,625$

178 129,194$

179 128,761$

180 128,325$

181 127,888$

182 127,448$

183 127,006$

184 126,562$

185 126,116$

186 125,667$

187 125,216$

188 124,763$

189 124,308$

190 123,850$

191 123,390$

192 122,928$

193 122,463$

194 121,996$

195 121,527$

196 121,056$

197 120,582$

198 120,106$

199 119,627$

200 119,146$

201 118,662$

202 118,176$203 117,688$

204 117,197$

205 116,704$

206 116,209$

207 115,710$

208 115,210$

209 114,707$

210 114,201$


13/39

211 113,693$

212 113,182$

213 112,669$

214 112,153$

215 111,634$

216 111,113$

217 110,590$218 110,064$

219 109,535$

220 109,003$

221 108,469$

222 107,932$

223 107,393$

224 106,850$

225 106,305$

226 105,758$

227 105,207$

228 104,654$

229 104,098$

230 103,540$

231 102,978$

232 102,414$

233 101,847$

234 101,277$

235 100,704$

236 100,128$

237 99,550$

238 98,968$

239 98,384$

240 97,797$

241 97,206$

242 96,613$

243 96,017$

244 95,418$

245 94,816$

246 94,211$

247 93,603$

248 92,992$

249 92,377$

250 91,760$

251 91,140$

252 90,516$

253 89,890$

254 89,260$

255 88,627$

256 87,991$

257 87,352$258 86,709$

259 86,064$

260 85,415$

261 84,763$

262 84,107$

263 83,448$

264 82,787$

265 82,121$


14/39

266 81,453$

267 80,781$

268 80,105$

269 79,427$

270 78,745$

271 78,059$

272 77,370$273 76,678$

274 75,982$

275 75,283$

276 74,580$

277 73,874$

278 73,164$

279 72,451$

280 71,734$

281 71,013$

282 70,289$

283 69,561$

284 68,830$

285 68,095$

286 67,356$

287 66,614$

288 65,868$

289 65,118$

290 64,364$

291 63,607$

292 62,846$

293 62,081$

294 61,312$

295 60,539$

296 59,763$

297 58,982$

298 58,198$

299 57,410$

300 56,618$

301 55,822$

302 55,022$

303 54,218$

304 53,409$

305 52,597$

306 51,781$

307 50,961$

308 50,136$

309 49,308$

310 48,475$

311 47,638$

312 46,797$313 45,952$

314 45,103$

315 44,249$

316 43,391$

317 42,529$

318 41,662$

319 40,792$

320 39,916$


15/39

321 39,037$

322 38,153$

323 37,264$

324 36,371$

325 35,474$

326 34,572$

327 33,666$328 32,755$

329 31,840$

330 30,920$

331 29,995$

332 29,066$

333 28,132$

334 27,193$

335 26,250$

336 25,302$

337 24,350$

338 23,392$

339 22,430$

340 21,463$

341 20,491$

342 19,514$

343 18,533$

344 17,546$

345 16,555$

346 15,558$

347 14,557$

348 13,550$

349 12,539$

350 11,523$

351 10,501$

352 9,474$

353 8,442$

354 7,405$

355 6,363$

356 5,316$

357 4,263$

358 3,205$

359 2,142$360 1,074$


16/39

Interest

Mortgage

Pmt

Interest

Paid

Principal

Paid

Ending

Balance 6.00%

1,079$ 900$ 179$ 179,821$

1,079$ 899$ 180$ 179,641$

1,079$ 898$ 181$ 179,460$

1,079$ 897$ 182$ 179,278$

1,079$ 896$ 183$ 179,095$

1,079$ 895$ 184$ 178,911$

1,079$ 895$ 185$ 178,727$

1,079$ 894$ 186$ 178,541$

1,079$ 893$ 186$ 178,355$

1,079$ 892$ 187$ 178,167$1,079$ 891$ 188$ 177,979$

1,079$ 890$ 189$ 177,790$

1,079$ 889$ 190$ 177,599$

1,079$ 888$ 191$ 177,408$

1,079$ 887$ 192$ 177,216$

1,079$ 886$ 193$ 177,023$

1,079$ 885$ 194$ 176,829$

1,079$ 884$ 195$ 176,634$

1,079$ 883$ 196$ 176,438$

1,079$ 882$ 197$ 176,241$

1,079$ 881$ 198$ 176,043$

1,079$ 880$ 199$ 175,844$

1,079$ 879$ 200$ 175,644$1,079$ 878$ 201$ 175,443$

1,079$ 877$ 202$ 175,241$

1,079$ 876$ 203$ 175,038$

1,079$ 875$ 204$ 174,834$

1,079$ 874$ 205$ 174,629$

1,079$ 873$ 206$ 174,423$1,079$ 872$ 207$ 174,216$

1,079$ 871$ 208$ 174,008$

1,079$ 870$ 209$ 173,798$

1,079$ 869$ 210$ 173,588$

1,079$ 868$ 211$ 173,377$

1,079$ 867$ 212$ 173,165$

1,079$ 866$ 213$ 172,951$1,079$ 865$ 214$ 172,737$

1,079$ 864$ 216$ 172,521$

1,079$ 863$ 217$ 172,305$

1,079$ 862$ 218$ 172,087$

1,079$ 860$ 219$ 171,868$

1,079$ 859$ 220$ 171,649$

1,079$ 858$ 221$ 171,428$

1,079$ 857$ 222$ 171,206$

1,079$ 856$ 223$ 170,982$

y Amortization Schedule

w


17/39

1,079$ 855$ 224$ 170,758$

1,079$ 854$ 225$ 170,533$

1,079$ 853$ 227$ 170,306$

1,079$ 852$ 228$ 170,078$

1,079$ 850$ 229$ 169,850$

1,079$ 849$ 230$ 169,620$

1,079$ 848$ 231$ 169,389$1,079$ 847$ 232$ 169,156$

1,079$ 846$ 233$ 168,923$

1,079$ 845$ 235$ 168,688$

1,079$ 843$ 236$ 168,453$

1,079$ 842$ 237$ 168,216$

1,079$ 841$ 238$ 167,978$

1,079$ 840$ 239$ 167,738$

1,079$ 839$ 240$ 167,498$

1,079$ 837$ 242$ 167,256$

1,079$ 836$ 243$ 167,013$

1,079$ 835$ 244$ 166,769$

1,079$ 834$ 245$ 166,524$

1,079$ 833$ 247$ 166,277$

1,079$ 831$ 248$ 166,029$

1,079$ 830$ 249$ 165,780$

1,079$ 829$ 250$ 165,530$

1,079$ 828$ 252$ 165,279$

1,079$ 826$ 253$ 165,026$

1,079$ 825$ 254$ 164,772$

1,079$ 824$ 255$ 164,516$

1,079$ 823$ 257$ 164,260$

1,079$ 821$ 258$ 164,002$

1,079$ 820$ 259$ 163,743$

1,079$ 819$ 260$ 163,482$

1,079$ 817$ 262$ 163,220$

1,079$ 816$ 263$ 162,957$

1,079$ 815$ 264$ 162,693$

1,079$ 813$ 266$ 162,427$

1,079$ 812$ 267$ 162,160$

1,079$ 811$ 268$ 161,892$

1,079$ 809$ 270$ 161,622$

1,079$ 808$ 271$ 161,351$

1,079$ 807$ 272$ 161,078$

1,079$ 805$ 274$ 160,805$

1,079$ 804$ 275$ 160,529$

1,079$ 803$ 277$ 160,253$

1,079$ 801$ 278$ 159,975$

1,079$ 800$ 279$ 159,696$

1,079$ 798$ 281$ 159,415$

1,079$ 797$ 282$ 159,133$1,079$ 796$ 284$ 158,849$

1,079$ 794$ 285$ 158,564$

1,079$ 793$ 286$ 158,278$

1,079$ 791$ 288$ 157,990$

1,079$ 790$ 289$ 157,701$

1,079$ 789$ 291$ 157,410$

1,079$ 787$ 292$ 157,118$

1,079$ 786$ 294$ 156,825$


18/39

1,079$ 784$ 295$ 156,530$

1,079$ 783$ 297$ 156,233$

1,079$ 781$ 298$ 155,935$

1,079$ 780$ 300$ 155,635$

1,079$ 778$ 301$ 155,334$

1,079$ 777$ 303$ 155,032$

1,079$ 775$ 304$ 154,728$1,079$ 774$ 306$ 154,422$

1,079$ 772$ 307$ 154,115$

1,079$ 771$ 309$ 153,807$

1,079$ 769$ 310$ 153,496$

1,079$ 767$ 312$ 153,185$

1,079$ 766$ 313$ 152,871$

1,079$ 764$ 315$ 152,557$

1,079$ 763$ 316$ 152,240$

1,079$ 761$ 318$ 151,922$

1,079$ 760$ 320$ 151,603$

1,079$ 758$ 321$ 151,281$

1,079$ 756$ 323$ 150,959$

1,079$ 755$ 324$ 150,634$

1,079$ 753$ 326$ 150,308$

1,079$ 752$ 328$ 149,981$

1,079$ 750$ 329$ 149,651$

1,079$ 748$ 331$ 149,320$

1,079$ 747$ 333$ 148,988$

1,079$ 745$ 334$ 148,654$

1,079$ 743$ 336$ 148,318$

1,079$ 742$ 338$ 147,980$

1,079$ 740$ 339$ 147,641$

1,079$ 738$ 341$ 147,300$

1,079$ 736$ 343$ 146,957$

1,079$ 735$ 344$ 146,613$

1,079$ 733$ 346$ 146,267$

1,079$ 731$ 348$ 145,919$

1,079$ 730$ 350$ 145,569$

1,079$ 728$ 351$ 145,218$

1,079$ 726$ 353$ 144,865$

1,079$ 724$ 355$ 144,510$

1,079$ 723$ 357$ 144,153$

1,079$ 721$ 358$ 143,795$

1,079$ 719$ 360$ 143,434$

1,079$ 717$ 362$ 143,072$

1,079$ 715$ 364$ 142,709$

1,079$ 714$ 366$ 142,343$

1,079$ 712$ 367$ 141,976$

1,079$ 710$ 369$ 141,606$

1,079$ 708$ 371$ 141,235$1,079$ 706$ 373$ 140,862$

1,079$ 704$ 375$ 140,487$

1,079$ 702$ 377$ 140,110$

1,079$ 701$ 379$ 139,732$

1,079$ 699$ 381$ 139,351$

1,079$ 697$ 382$ 138,969$

1,079$ 695$ 384$ 138,584$

1,079$ 693$ 386$ 138,198$


19/39

1,079$ 691$ 388$ 137,810$

1,079$ 689$ 390$ 137,420$

1,079$ 687$ 392$ 137,028$

1,079$ 685$ 394$ 136,634$

1,079$ 683$ 396$ 136,238$

1,079$ 681$ 398$ 135,840$

1,079$ 679$ 400$ 135,440$1,079$ 677$ 402$ 135,038$

1,079$ 675$ 404$ 134,634$

1,079$ 673$ 406$ 134,228$

1,079$ 671$ 408$ 133,820$

1,079$ 669$ 410$ 133,410$

1,079$ 667$ 412$ 132,997$

1,079$ 665$ 414$ 132,583$

1,079$ 663$ 416$ 132,167$

1,079$ 661$ 418$ 131,749$

1,079$ 659$ 420$ 131,328$

1,079$ 657$ 423$ 130,906$

1,079$ 655$ 425$ 130,481$

1,079$ 652$ 427$ 130,054$

1,079$ 650$ 429$ 129,625$

1,079$ 648$ 431$ 129,194$

1,079$ 646$ 433$ 128,761$

1,079$ 644$ 435$ 128,325$

1,079$ 642$ 438$ 127,888$

1,079$ 639$ 440$ 127,448$

1,079$ 637$ 442$ 127,006$

1,079$ 635$ 444$ 126,562$

1,079$ 633$ 446$ 126,116$

1,079$ 631$ 449$ 125,667$

1,079$ 628$ 451$ 125,216$

1,079$ 626$ 453$ 124,763$

1,079$ 624$ 455$ 124,308$

1,079$ 622$ 458$ 123,850$

1,079$ 619$ 460$ 123,390$

1,079$ 617$ 462$ 122,928$

1,079$ 615$ 465$ 122,463$

1,079$ 612$ 467$ 121,996$

1,079$ 610$ 469$ 121,527$

1,079$ 608$ 472$ 121,056$

1,079$ 605$ 474$ 120,582$

1,079$ 603$ 476$ 120,106$

1,079$ 601$ 479$ 119,627$

1,079$ 598$ 481$ 119,146$

1,079$ 596$ 483$ 118,662$

1,079$ 593$ 486$ 118,176$

1,079$ 591$ 488$ 117,688$1,079$ 588$ 491$ 117,197$

1,079$ 586$ 493$ 116,704$

1,079$ 584$ 496$ 116,209$

1,079$ 581$ 498$ 115,710$

1,079$ 579$ 501$ 115,210$

1,079$ 576$ 503$ 114,707$

1,079$ 574$ 506$ 114,201$

1,079$ 571$ 508$ 113,693$


20/39

1,079$ 568$ 511$ 113,182$

1,079$ 566$ 513$ 112,669$

1,079$ 563$ 516$ 112,153$

1,079$ 561$ 518$ 111,634$

1,079$ 558$ 521$ 111,113$

1,079$ 556$ 524$ 110,590$

1,079$ 553$ 526$ 110,064$1,079$ 550$ 529$ 109,535$

1,079$ 548$ 532$ 109,003$

1,079$ 545$ 534$ 108,469$

1,079$ 542$ 537$ 107,932$

1,079$ 540$ 540$ 107,393$

1,079$ 537$ 542$ 106,850$

1,079$ 534$ 545$ 106,305$

1,079$ 532$ 548$ 105,758$

1,079$ 529$ 550$ 105,207$

1,079$ 526$ 553$ 104,654$

1,079$ 523$ 556$ 104,098$

1,079$ 520$ 559$ 103,540$

1,079$ 518$ 561$ 102,978$

1,079$ 515$ 564$ 102,414$

1,079$ 512$ 567$ 101,847$

1,079$ 509$ 570$ 101,277$

1,079$ 506$ 573$ 100,704$

1,079$ 504$ 576$ 100,128$

1,079$ 501$ 579$ 99,550$

1,079$ 498$ 581$ 98,968$

1,079$ 495$ 584$ 98,384$

1,079$ 492$ 587$ 97,797$

1,079$ 489$ 590$ 97,206$

1,079$ 486$ 593$ 96,613$

1,079$ 483$ 596$ 96,017$

1,079$ 480$ 599$ 95,418$

1,079$ 477$ 602$ 94,816$

1,079$ 474$ 605$ 94,211$

1,079$ 471$ 608$ 93,603$

1,079$ 468$ 611$ 92,992$

1,079$ 465$ 614$ 92,377$

1,079$ 462$ 617$ 91,760$

1,079$ 459$ 620$ 91,140$

1,079$ 456$ 623$ 90,516$

1,079$ 453$ 627$ 89,890$

1,079$ 449$ 630$ 89,260$

1,079$ 446$ 633$ 88,627$

1,079$ 443$ 636$ 87,991$

1,079$ 440$ 639$ 87,352$

1,079$ 437$ 642$ 86,709$1,079$ 434$ 646$ 86,064$

1,079$ 430$ 649$ 85,415$

1,079$ 427$ 652$ 84,763$

1,079$ 424$ 655$ 84,107$

1,079$ 421$ 659$ 83,448$

1,079$ 417$ 662$ 82,787$

1,079$ 414$ 665$ 82,121$

1,079$ 411$ 669$ 81,453$


21/39

1,079$ 407$ 672$ 80,781$

1,079$ 404$ 675$ 80,105$

1,079$ 401$ 679$ 79,427$

1,079$ 397$ 682$ 78,745$

1,079$ 394$ 685$ 78,059$

1,079$ 390$ 689$ 77,370$

1,079$ 387$ 692$ 76,678$1,079$ 383$ 696$ 75,982$

1,079$ 380$ 699$ 75,283$

1,079$ 376$ 703$ 74,580$

1,079$ 373$ 706$ 73,874$

1,079$ 369$ 710$ 73,164$

1,079$ 366$ 713$ 72,451$

1,079$ 362$ 717$ 71,734$

1,079$ 359$ 721$ 71,013$

1,079$ 355$ 724$ 70,289$

1,079$ 351$ 728$ 69,561$

1,079$ 348$ 731$ 68,830$

1,079$ 344$ 735$ 68,095$

1,079$ 340$ 739$ 67,356$

1,079$ 337$ 742$ 66,614$

1,079$ 333$ 746$ 65,868$

1,079$ 329$ 750$ 65,118$

1,079$ 326$ 754$ 64,364$

1,079$ 322$ 757$ 63,607$

1,079$ 318$ 761$ 62,846$

1,079$ 314$ 765$ 62,081$

1,079$ 310$ 769$ 61,312$

1,079$ 307$ 773$ 60,539$

1,079$ 303$ 776$ 59,763$

1,079$ 299$ 780$ 58,982$

1,079$ 295$ 784$ 58,198$

1,079$ 291$ 788$ 57,410$

1,079$ 287$ 792$ 56,618$

1,079$ 283$ 796$ 55,822$

1,079$ 279$ 800$ 55,022$

1,079$ 275$ 804$ 54,218$

1,079$ 271$ 808$ 53,409$

1,079$ 267$ 812$ 52,597$

1,079$ 263$ 816$ 51,781$

1,079$ 259$ 820$ 50,961$

1,079$ 255$ 824$ 50,136$

1,079$ 251$ 829$ 49,308$

1,079$ 247$ 833$ 48,475$

1,079$ 242$ 837$ 47,638$

1,079$ 238$ 841$ 46,797$

1,079$ 234$ 845$ 45,952$1,079$ 230$ 849$ 45,103$

1,079$ 226$ 854$ 44,249$

1,079$ 221$ 858$ 43,391$

1,079$ 217$ 862$ 42,529$

1,079$ 213$ 867$ 41,662$

1,079$ 208$ 871$ 40,792$

1,079$ 204$ 875$ 39,916$

1,079$ 200$ 880$ 39,037$


22/39

1,079$ 195$ 884$ 38,153$

1,079$ 191$ 888$ 37,264$

1,079$ 186$ 893$ 36,371$

1,079$ 182$ 897$ 35,474$

1,079$ 177$ 902$ 34,572$

1,079$ 173$ 906$ 33,666$

1,079$ 168$ 911$ 32,755$1,079$ 164$ 915$ 31,840$

1,079$ 159$ 920$ 30,920$

1,079$ 155$ 925$ 29,995$

1,079$ 150$ 929$ 29,066$

1,079$ 145$ 934$ 28,132$

1,079$ 141$ 939$ 27,193$

1,079$ 136$ 943$ 26,250$

1,079$ 131$ 948$ 25,302$

1,079$ 127$ 953$ 24,350$

1,079$ 122$ 957$ 23,392$

1,079$ 117$ 962$ 22,430$

1,079$ 112$ 967$ 21,463$

1,079$ 107$ 972$ 20,491$

1,079$ 102$ 977$ 19,514$

1,079$ 98$ 982$ 18,533$

1,079$ 93$ 987$ 17,546$

1,079$ 88$ 991$ 16,555$

1,079$ 83$ 996$ 15,558$

1,079$ 78$ 1,001$ 14,557$

1,079$ 73$ 1,006$ 13,550$

1,079$ 68$ 1,011$ 12,539$

1,079$ 63$ 1,016$ 11,523$

1,079$ 58$ 1,022$ 10,501$

1,079$ 53$ 1,027$ 9,474$

1,079$ 47$ 1,032$ 8,442$

1,079$ 42$ 1,037$ 7,405$

1,079$ 37$ 1,042$ 6,363$

1,079$ 32$ 1,047$ 5,316$

1,079$ 27$ 1,053$ 4,263$

1,079$ 21$ 1,058$ 3,205$

1,079$ 16$ 1,063$ 2,142$

1,079$ 11$ 1,068$ 1,074$1,079$ 5$ 1,074$ 0$


23/39

Monthly Int Years Months

0.5% 30 360


24/39

Purchase Price 200,000$ Loan Term (30, 15 yrs, etc.)

Down Payment 20,000$ Annual Interest Rate

Display: Increment by 500$ Increment by

Down Payment 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50%

$15,000 $965 $993 $1,022 $1,050 $1,080 $1,109 $1,139 $1,169

$15,500 $962 $990 $1,019 $1,048 $1,077 $1,106 $1,136 $1,166

$16,000 $960 $988 $1,016 $1,045 $1,074 $1,103 $1,133 $1,163

$16,500 $957 $985 $1,013 $1,042 $1,071 $1,100 $1,130 $1,160

$17,000 $955 $982 $1,011 $1,039 $1,068 $1,097 $1,127 $1,157

$17,500 $952 $980 $1,008 $1,036 $1,065 $1,094 $1,124 $1,154

$18,000 $949 $977 $1,005 $1,033 $1,062 $1,091 $1,121 $1,150

$18,500 $947 $974 $1,002 $1,031 $1,059 $1,088 $1,118 $1,147

$19,000 $944 $972 $999 $1,028 $1,056 $1,085 $1,114 $1,144

$19,500 $942 $969 $997 $1,025 $1,053 $1,082 $1,111 $1,141

$20,000 $939 $966 $994 $1,022 $1,050 $1,079 $1,108 $1,138$20,500 $936 $964 $991 $1,019 $1,048 $1,076 $1,105 $1,135

$21,000 $934 $961 $988 $1,016 $1,045 $1,073 $1,102 $1,131

$21,500 $931 $958 $986 $1,014 $1,042 $1,070 $1,099 $1,128

$22,000 $929 $956 $983 $1,011 $1,039 $1,067 $1,096 $1,125

$22,500 $926 $953 $980 $1,008 $1,036 $1,064 $1,093 $1,122

$23,000 $923 $950 $977 $1,005 $1,033 $1,061 $1,090 $1,119

$23,500 $921 $947 $975 $1,002 $1,030 $1,058 $1,087 $1,116

$24,000 $918 $945 $972 $999 $1,027 $1,055 $1,084 $1,112

$24,500 $915 $942 $969 $996 $1,024 $1,052 $1,081 $1,109$25,000 $913 $939 $966 $994 $1,021 $1,049 $1,078 $1,106

$25,500 $910 $937 $964 $991 $1,018 $1,046 $1,074 $1,103

$26,000 $908 $934 $961 $988 $1,015 $1,043 $1,071 $1,100

$26,500 $905 $931 $958 $985 $1,012 $1,040 $1,068 $1,097

Loan Optimizer

MortgageCalculator




RefinanceCalculator

Overview


25/39

30

6.00%

0.25%

6.75% 7.00% 7.25% 7.50% 7.75%

$1,200 $1,231 $1,262 $1,294 $1,325

$1,197 $1,227 $1,259 $1,290 $1,322

$1,193 $1,224 $1,255 $1,287 $1,318

$1,190 $1,221 $1,252 $1,283 $1,315

$1,187 $1,218 $1,248 $1,280 $1,311

$1,184 $1,214 $1,245 $1,276 $1,307

$1,180 $1,211 $1,242 $1,273 $1,304

$1,177 $1,208 $1,238 $1,269 $1,300

$1,174 $1,204 $1,235 $1,266 $1,297

$1,171 $1,201 $1,231 $1,262 $1,293

$1,167 $1,198 $1,228 $1,259 $1,290

$1,164 $1,194 $1,225 $1,255 $1,286

$1,161 $1,191 $1,221 $1,252 $1,282

$1,158 $1,188 $1,218 $1,248 $1,279

$1,155 $1,184 $1,214 $1,245 $1,275

$1,151 $1,181 $1,211 $1,241 $1,272

$1,148 $1,178 $1,207 $1,238 $1,268

$1,145 $1,174 $1,204 $1,234 $1,264

$1,142 $1,171 $1,201 $1,231 $1,261

$1,138 $1,168 $1,197 $1,227 $1,257$1,135 $1,164 $1,194 $1,224 $1,254

$1,132 $1,161 $1,190 $1,220 $1,250

$1,129 $1,158 $1,187 $1,217 $1,247

$1,125 $1,154 $1,184 $1,213 $1,243


26/39

1Monthly Mortgage

Total Loan Payment 1


27/39

Solve for:

Chart:

Down Payment Savings Goal

How many months from now?

Current Savings

Monthly Savings Contribution

Rate of Return (Interest Rate)

Compound Rate of Return

Required monthly contribution: $343

6.00%

20,000$

24

10,000$

400$

Down Payment Savings Calculator

$0

$5,000

$10,000

$15,000

$20,000

$25,000

1 2 3 4 5 6 7 8 9

Down Pay

Savings Assumptions

How much will my savings grow to?

How much do I need to save each month?

How long will it take to save enough?

Results

MortgageCalculator




RefinanceCalculator

Overv


28/39


29/39

2Solver

1

2

3

Chart

Month

1

2

3

4

5

6

Month 7

89

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

ent Savings Over Time

iew


30/39


31/39

12

Monthly # of Comp Annual Comp period Monthly

Answer Compound Compound Periods Contribution Contribution Interest % Chart # of years

20,000.00 2 24 4,800$ 343$ 0.50% 3 2.00

343.21 Daily 365 6 months

20.76 Monthly 12 1 year

Quarterly 4 2 years

Annually 1 5 years

11271.59776 10 years

Monthly Compound

24 1 1

Monthly Savings

10,393.21$

10,788$

11,186$

11,585$

11,986$

12,389$

12,794$

13,201$

13,610$

14,022$

14,435$

14,850$

15,268$

15,687$

16,109$

16,533$

16,959$

17,387$

17,817$

18,249$18,684$

19,120$

19,559$

20,000$


32/39

Annual Gross Income

Max housing cost ratio allowed

Max housing cost & debt ratio allowed

Interest Rate:

Term of the Loan (30 years, 15 years, etc.)

Down Payment

Real Estate Taxes (annual estimate) 1.0%

Homeowner's Insurance (annual) 0.6%

Maintenance Expense (annual)

Monthly debt Expenses

Car Payment

Alimony Paid

Credit Card payments

Other debts (student loans, etc.)

Total Annual Expenses

Monthly Pricipal & Interest PaymentMonthly PMI Payment (estimate)

Taxes + Insurance + Maintenance

Total Monthly Housing Payment

Loan Amount

Purchase Price of Home 186,910$

50$

1,001$

6.00%

30

1,800$

350$

300$

1,400$

166,910$

321$

78$

28%

36%

20,000$

1,050$

1,000$

60,000$

How much house can I afford?


Results

$78

$150

Pri

P

R

H

As

MortgageCalculator




RefinanceCalculator

Ov


33/39


34/39

$1,001

$88 $83

icipal & Interest Payment

I Payment (estimate)

al Estate Taxes

meowner's Insurance

sessments/Maintenance Expense

onthly Housing Cost

rview


35/39


36/39

$179,996 $75.00 Pricipal & Interest Payment 1,001$$167,487 $69.79 PMI Payment (estimate) 78$$168,356 $70.15 Real Estate Taxes 150$

$188,296 $78.46 Homeowner's Insurance 88$

1,079$


37/39

Old (your current) Interest Rate

Original Loan Amount

Original Loan Term (in years)

Months Left to Pay on Original Loan

New Interest Rate

New Loan Amount

New Loan Term (in years)Refinancing Cost

Application Fee

Appraisal Fee

Attorney's Fees (lenders & lenders):

Credit Check

Documentation Preparation

Inspections

Other Years until RefinTitle Search & Insurance Savings (Life ofTotal Refinancing Cost Monthly Mortgag

600$

6,850$

900$

1,500$

100$

750$

1,500$

1,000$

6.00%

180,000$

30

25

500$

5.50%

165,000$

25

Refinancing Calculator

$0 $5,00


Results

MortgageCalculator




RefinanceCalculator


38/39

ncing Costs are Recouped 8.7 yrsoan) $12,934e Reduction $66

Total (Net)

Savings,$12,934

RefinancingCost, $6,850

MortgageSavings,$19,784

0 $10,000 $15,000 $20,000 $25,000

Refinancing Savings & Cost

Overview


39/39

Chart

Total (Net) Sa $12,934

Refinancing C 6,850$

Mortgage Savi $19,784

mortgage calculator & planner demo

Documents