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Calculating Your Mortgage Payments with Excel

Calculating Your Mortgage Payments with Excel

I have friend who is getting married in the next two months.  While his fiance is busy planning the big white wedding of her dreams with seemingly no budget, my friend wants to move out of their small condo into a house.  He’s been busy house hunting for a few months and thought that he had found the house of his dreams.  The problem is that even though he makes $80,000 each year from his business, he could not qualify for a loan.  His other problem, like many of us, was that he never took the time to use any tools like a mortgage calculator to find out exactly how much house he could afford. Since I helped him figure this out, I thought that I might as well share this with you as well. […]