What It Is
‚Ä¢ A smart Excel spreadsheet that helps homebuyers estimate closing costs, compare loan options, and visualize monthly mortgage payments with an automated amortization schedule.
‚Ä¢ Combines a Closing Costs Calculator, Cash to Close Estimator, and a Loan Payment Tracker‚Äîall in one simple-to-use tool.

Who It’s For
‚Ä¢ First-time homebuyers preparing for escrow
‚Ä¢ Real estate agents or mortgage brokers assisting clients
‚Ä¢ Real estate investors comparing multiple lender offers
‚Ä¢ DIY buyers wanting full financial visibility before closing

What‚Äôs Included
‚Ä¢ 1 downloadable Excel file (.xlsx) with:
‚Äì Closing Cost Estimator: Calculates total fees and cash needed at closing
‚Äì Mortgage Comparison Section: Input up to 3 lender offers
‚Äì Amortization Schedule: Visualizes monthly principal, interest, and extra payments
‚Ä¢ Pre-filled with smart formulas and color-coded input cells
‚Ä¢ Instructions built-in for easy use

How to Use It
‚Ä¢ Open in Excel and input loan data into yellow-highlighted fields
‚Ä¢ See auto-calculated totals for lender fees, escrow, prepaids, and down payment
‚Ä¢ Compare APRs, PMI, and prepayment impacts across different mortgage options
‚Ä¢ View your effective closing % and adjust early payments to save on interest

Why It‚Äôs Helpful (Tax/Finance Context)
‚Ä¢ Helps forecast upfront cash needed and long-term interest cost
‚Ä¢ Simplifies lender offer comparisons so you can avoid hidden fees
‚Ä¢ Gives you clarity over tax-deductible interest, insurance, and mortgage insurance
‚Ä¢ Supports smarter home purchase planning and negotiation confidence

Software Compatibility
‚Ä¢ Microsoft Excel (Mac or PC)
‚Ä¢ Google Sheets (limited formatting differences may occur)
‚Ä¢ Not compatible with Apple Numbers or OpenOffice

Instant Download Info
‚Ä¢ Digital file only ‚Äì no physical product will be mailed
‚Ä¢ Available immediately after purchase via your Etsy account
‚Ä¢ For personal or client use only ‚Äì not for resale or redistribution

excel_mortgage_tool

Closing Costs Calculator Excel Template for Homebuyers Estimate Cash to Close Compare Lender Fees Track Loan Payment Smart Amortization Tool