Mortgage Ultimate Planner Excel Template

Name: Mortgage Ultimate Planner Excel Template
Brand: Excel Wonders
SKU: 01538c4b-32af-4273-ac75-181c7c0ba9af
Price: 19.90 USD
Availability: InStock
Rating: 5.00 (1 reviews)

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Mortgage Ultimate Planner Excel Template

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The Mortgage Ultimate Planner Excel Template is an all-in-one solution for anyone looking to buy or refinance a property. You can map multiple properties, test between FRM and ARM rates, plan your repayments, test savings scenarios and so much more!

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About the Mortgage Ultimate Planner Excel Template

Introducing the Mortgage Ultimate Planner Excel Template: the quintessential toolkit for anyone on the journey of buying or refinancing a home. Designed with the user in mind, this all-in-one template is your roadmap through the complext world of mortgage planning. Whether you're a first-time homebuyer, a seasoned investor comparing multiple properties, or someone considering refinancing options, this template simplifies the process, empowering you with the knowledge and insights to make informed decisions.

Dive into the functionality of the Mortgage Ultimate Planner Excel Template, where every feature is crafted to streamline your mortgage planning process. From the moment you input the details of your potential properties, the template springs to life, calculating everything from monthly payments to total interest. It doesn't stop there; explore various mortgage scenarios, including fixed and adjustable rates, to see how they impact your financial future. With tools for analyzing savings scenarios and comparing the costs of buying versus renting, this template transforms complex data into clear, actionable insights.

Features:

Compare up to 10 properties
FRM and ARM rates analysis
Detailed repayment plans
Test different loan and savings scenarios
Buy vs. rent comparison

Questions & Answers

What is the Mortgage Ultimate Planner Excel Template?

This template is an all-in-one tool designed to help you make informed decisions when buying a house. Its key features allow you to: • Compare multiple prospective properties. • Simulate mortgage repayment schedules. • Analyze different financial scenarios. • Evaluate whether it is better to rent or buy.

What is the recommended workflow for using this template?

To make the best use of the planner, follow these steps: 1. Configure Settings: Go to the 'Settings' sheet to input your mortgage start date, interest rate information, and other key financial assumptions. 2. Add Properties: On the 'Properties' sheet, add up to 10 prospective properties you are considering. 3. View Repayment Schedule: Use the 'Repayment Schedule' sheet to view and compare payment plans. 4. Analyze Scenarios: Use the 'Scenario Analysis' and 'Rent vs. Buy' sheets to evaluate different outcomes.

How do I manage the list of properties?

All properties are managed on the 'Properties' sheet: • To add: Click 'New Property' and complete the form in the pop-up window. • To edit, reorder, or delete: Use the control buttons provided on the sheet to manage the properties in your list.

What is the difference between FRM and ARM?

These are two common types of mortgages: • FRM (Fixed-Rate Mortgage): Has an interest rate that remains the same for the entire term of the loan. • ARM (Adjustable-Rate Mortgage): Has an interest rate that is fixed for an initial period and then changes periodically based on market indexes.

Can I export the Repayment Schedule?

Yes. On the 'Repayment Schedule' sheet, click the 'Export' button in the top-right corner. A dialog box will appear where you can set the file name, format, and save location for your exported schedule.

Why are the 'Inflation Rate', 'Tax Rate', and 'Annual Rate of Return' inputs required?

These inputs are used in the 'Rent vs. Buy' and 'Scenario Analysis' calculations: • Inflation Rate: Helps project the future growth of expenses like property tax. • Tax Rate: Used to calculate the potential tax benefits from mortgage interest deductions. • Annual Rate of Return: Estimates potential investment returns on funds used for a down payment.