Excel Model: Mortgage Affordability Calculator
Title: Mortgage Affordability Calculator
Description:
This spreadsheet is designed to help potential homeowners determine how much mortgage they can afford based on their financial situation. It includes sections for both standard mortgage and FHA mortgage calculations, comparing various loan terms and the associated costs.
- Loan Information: Enter key details about your income, current savings, home sale price, mortgage rates, and other financial parameters.
- Standard Mortgage Calculation: Provides a detailed breakdown of costs and payments for a standard mortgage over different terms.
- FHA Mortgage Calculation: Offers a comparison of FHA mortgage costs and payments over different terms.
Source: Custom Calculator
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Click the following icon to download the spreadsheet, allowing you to save the file on your computer along with edits.
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