Description
What It Is
• A smart Excel spreadsheet that helps homebuyers estimate closing costs, compare loan options, and visualize monthly mortgage payments with an automated amortization schedule.
• Combines a Closing Costs Calculator, Cash to Close Estimator, and a Loan Payment Tracker—all in one simple-to-use tool.
Who It’s For
• First-time homebuyers preparing for escrow
• Real estate agents or mortgage brokers assisting clients
• Real estate investors comparing multiple lender offers
• DIY buyers wanting full financial visibility before closing
What’s Included
• 1 downloadable Excel file (.xlsx) with:
– Closing Cost Estimator: Calculates total fees and cash needed at closing
– Mortgage Comparison Section: Input up to 3 lender offers
– Amortization Schedule: Visualizes monthly principal, interest, and extra payments
• Pre-filled with smart formulas and color-coded input cells
• Instructions built-in for easy use
How to Use It
• Open in Excel and input loan data into yellow-highlighted fields
• See auto-calculated totals for lender fees, escrow, prepaids, and down payment
• Compare APRs, PMI, and prepayment impacts across different mortgage options
• View your effective closing % and adjust early payments to save on interest
Why It’s Helpful (Tax/Finance Context)
• Helps forecast upfront cash needed and long-term interest cost
• Simplifies lender offer comparisons so you can avoid hidden fees
• Gives you clarity over tax-deductible interest, insurance, and mortgage insurance
• Supports smarter home purchase planning and negotiation confidence
Software Compatibility
• Microsoft Excel (Mac or PC)
• Google Sheets (limited formatting differences may occur)
• Not compatible with Apple Numbers or OpenOffice
Instant Download Info
• Digital file only – no physical product will be mailed
• Available immediately after purchase via your Etsy account
• For personal or client use only – not for resale or redistribution
