This video illustrates how to use a home mortgage calculator spreadsheet to determine a loan amortization schedule. This spreadsheet was created by Dr. Wittwer at Vertex42, an online resource featuring dozens of high-quality excel-based tools.
The Home Mortgage Calculator allows you to:
- Determine your monthly payments based on size of the loan, length of the loan, interest rate, and compounding period
- Compare fixed vs. adjustable-rate mortgages
- Consider the impact of issues such as property appreciation, income tax savings, and property tax and insurance costs.
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