Mortgage Calculator with Taxes Insurance PMI HOA & Extra Payments (2024)

Simple Mortgage Calculator with Taxes Insurance PMI HOA and Extra Payments. Excel mortgage payment calculator and mortgage amortization schedule spreadsheet.

• The mortgage calculator allows your to calculate your total housing expenses which includes your mortgage payment which is made up of principal and interest, property taxes, homeowners insurance, private mortgage insurance (PMI generally applies if the loan to value ratio is greater than 80%), and HOA fees if your homeowners association charges the dues.

• The Excel mortgage calculator calculates the loan to value ratio based on the information you enter for the mortgage loan amount and purchase price or appraisal value. The loan to value ratio is generally calculated by dividing the mortgage loan amount by the lesser of the purchase price or the appraised value of the property in most cases but there are some exceptions.
• The mortgage payment calculator calculate your monthly mortgage payment based off the information you enter related to the mortgage, including the mortgage loan amount, the current mortgage rates, and the length of the mortgage such as a 30 year mortgage or a 15 year mortgage, and extra principal payments if any.
• The Excel mortgage calculator spreadsheet calculates the debt to income ratios. including both the front end ratio and back end ratio which are factors that lenders consider in addition to your credit score, income, net worth, assets, loan to value, down payment, etc. to determine if you qualify for a mortgage loan. The front end debt to income ratio is the ratio of your housing related payments (PITI, including PMI and HOA fees if any) divided by monthly gross income. The back end debt to income ratio factors in more debt such as the your monthly minimum credit card payments, monthly car payments, etc. Banks and lenders may require different front end ratios and back end ratios depending of the borrowers overall financial situation.
• Mortgage calculator allows you to compare different current mortgage rates, loan amounts, length of loan and extra payments to see with one provides the lowest overall interest costs and can be paid off more quickly.
• Themortgage amortization calculator displays a full amortization schedule so you can see how your payments are applied to principal and interest.
• If one of your financial goals is paying off your mortgage early, themortgage calculator with extra principal payments allows you to enter a different amount for extra principal payments each month so that you can see impact on interest savings and shortened time to pay off debt.
• The mortgage affordability calculator helps in estimating loan amount relative to DTI ratios and LTV ratios.
• Mortgage refinance calculator can help you compare various mortgage rates and loan amounts to see what your mortgage payment will be compared to your current mortgage.
• This Excel mortgage loan calculator is an easy mortgage calculator to help you estimate your monthly mortgage payments and see if the mortgage fits within your budget and is right for your personal finances.. It is for mortgages in the United States. The max loan amount is 5 million. The amounts generated by the mortgage calculator are just estimates and what if scenarios and are not intended to replace actual loan application qualifications and actual mortgage loan terms and contracts. Fixed rate mortgage calculator. Not designed as a variable rate mortgage calculator / adjustable rate mortgage calculator.
• This mortgage calculator can be helpful for realtors, real estate brokers, mortgage lenders, loan officers, bank loan officers and other mortgage loan lenders who would like to compare and estimate different mortgage loan scenarios.
• When searching for a online mortgage calculator or a free mortgage calculator app, consider this Excel mortgage calculator spreadsheet.

System requirements:

• PC with Microsoft Excel 2007, Excel 2010, Excel 2013, Excel 2016, Excel 2019,or Excel for Office 365 (Excel for Microsoft 365).
  (standalone version of Microsoft Excel or part of Office 365 subscription / Microsoft 365 subscription)
  
• Mac computer with Microsoft Excel 2016 for Mac, Excel 2019 for Mac,or Excel for Office 365 for Mac. (Excel for Microsoft 365 for Mac) (standalone version of Excel or part of Office 365 / Microsoft 365 subscription) (not compatible with Excel 2011 for Mac)
  (standalone version of Microsoft Excel or part of Office 365 subscription / Microsoft 365 subscription)
  
• The Excel mortgage payment calculator is not compatible with Google Sheets (Google Spreadsheets)
• The mortgage loan calculator spreadsheet is not compatible with Microsoft's free "Excel Online" app that is part of the free Office Online apps. These online apps are web browser based and have limited features compared to the full desktop version of Microsoft Excel.

License Terms:

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