Discover Your Affordable Home Journey with Our Excel Template
Ready to navigate the path to your new home? Our Excel template is your practical companion, simplifying the complexities of calculating how much home you can afford.
What Sets This Template Apart: Unveiling Home Affordability Simplified
5 Key Factors for Home Payments: Delve into the impact of mortgage interest, home price, your income, your deposit saved, and your debt levels on your monthly budget.
2 Required Ratios for Qualification: Understand the essentials of Gross Debt Service (GDS) Ratio and Total Debt Service (TDS) Ratio, and how they impact your mortgage qualification.
Easy to Use, Step-by-Step Guide: This template was designed to streamline the intricacies involved in the home-buying process. Spend less than 10 minutes customizing a few cells that relate to your situation, and the template will do the rest in calculating how much home you can afford.
Mortgage Payment Reality Check: Gain a realistic view of your financial commitment. Track your monthly payments towards principal and interest, with a clear breakdown of the total interest over your loan term.
What Makes This Template a Game-Changer?
- Save Hours of Your Time: Cut down on research time with a user-friendly template, saving you hours typically spent when looking to buy a home.
- Know Your Numbers: Be prepared for the financial commitment required when buying a home, so you aren't taken by surprise when the time comes to commit.
- No Financial Jargons: Understand the key factors that go into the mortgage qualification process in a straightforward way, without complex financial jargon.