Home Purchase Affordability & Mortgage Analyzer — Complete Excel Workbook

🏠 The Ultimate Home Purchase Decision Tool

Buying a home is the biggest financial decision most people will ever make. Don't navigate it blind.

The Home Purchase Affordability & Mortgage Analyzer gives you a complete, professional-grade toolkit to evaluate every aspect of a home purchase — from "Can I afford this?" to "Is this the right property?" — all in one beautifully formatted Excel workbook.

📋 What's Included — 8 Powerful Tabs:

1. 📊 Dashboard

• Key metrics at a glance: max home price, monthly payment, LTV ratio, total interest
• Quick tips from experienced buyers
• Navigation guide to use all tabs effectively

2. 🏦 Affordability Calculator

• Income-based affordability using 28%/36% front-end and back-end DTI rules
• Factor in all debts: car loans, student loans, credit cards
• Down payment constraints analysis
• Real-time debt-to-income ratio calculation

3. 🏦 Mortgage Calculator

• Full monthly payment breakdown: Principal & Interest, Property Tax, Insurance, HOA, PMI
• Lifetime cost summary: total interest, total cost of ownership
• 15-year vs 30-year comparison with interest savings calculation
• Uses Excel's built-in PMT function — change rate, term, or price and everything recalculates

4. 🏘️ Property Comparison

• Compare up to 3 properties side by side
• Property details: size, beds, baths, year built, lot size
• Automated cost analysis: monthly P&I, tax, insurance, HOA, maintenance
• Total monthly cost, price per square foot, 5-year total cost comparison

5. 📋 Closing Cost Estimator

• Detailed breakdown of lender fees, third-party fees, and prepaid items
• Auto-calculates based on purchase price
• Shows closing costs as a percentage of purchase
• Calculates total cash needed at closing (down payment + closing costs)

6. ⚖️ Rent vs Buy Analysis

• 5-year cost comparison: renting vs purchasing
• Year-by-year cumulative cost breakdown
• Equity built calculation
• Home appreciation projection
• Potential net gain from buying

7. 📊 Amortization Schedule

• Complete 30-year year-by-year amortization table
• Beginning/ending balances, principal & interest split each year
• Cumulative principal and interest tracking

8. 🎯 Down Payment Savings Plan

• Monthly and bi-weekly savings targets to hit your down payment goal
• 24-month projection with progress tracking
• 8 actionable tips to accelerate your savings

✨ Features:

• ✅ Fully editable — change any input and all calculations update automatically
• ✅ Professional formatting with color-coded sections
• ✅ Built-in Excel formulas — no macros required
• ✅ Works on Excel, Google Sheets, and LibreOffice
• ✅ Pre-filled with realistic sample data — just customize to your situation

👤 Perfect For:

• First-time homebuyers evaluating affordability
• Anyone deciding between renting and buying
• Buyers comparing multiple properties
• Anyone planning their down payment savings strategy
• Real estate professionals advising clients

Instant download — start analyzing your home purchase today.