Budgeting for a home and understanding mortgage payments are essential steps in the homebuying process. To make it easier, we’re providing two free tools to help homeowners and buyers calculate expenses, estimate payments, and assess affordability.
1. Personal Budget Summary (via Google Sheets)
Before purchasing a home, it’s important to know where money is being spent each month. Our Personal Budget Summary is a Google Sheets document designed to help organize income, expenses, and savings.
📌 Features:
✔️ Track monthly income and expenses
✔️ Identify areas to save
✔️ Determine how much home is affordable
🔗 Download the Personal Budget Summary (Google Sheet – save a copy to edit)
2. Mortgage Payment Calculator (Loan Amortization Worksheet – Dropbox)
Understanding monthly mortgage payments is a key part of financial planning. Our Loan Amortization Worksheet allows users to estimate their mortgage payment, calculate debt-to-income (DTI) ratios, and explore different loan scenarios.
📌 Features:
✔️ Estimate monthly mortgage payments
✔️ Calculate loan amortization (principal & interest breakdown)
✔️ Assess debt-to-income (DTI) ratio
🔗 Download the Loan Amortization Worksheet (Dropbox download – note: your computer may display a standard security warning upon download. Proceed at your own discretion.)
Need Help? We’re Here!
If you have questions about mortgage budgeting, loan payments, or home financing, feel free to reach out to the Mortgage Mark Team. We’re happy to assist with custom calculations, mortgage pre-approvals, and financial guidance.
Let’s make homebuying simple, transparent, and stress-free! 🚀