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Mortgage Calculator

Inputs
Negotiated Cost of House
Additional Down Payment
Date of First Payment
Credit Rating
Constants
Property Tax Rate
Down Payment to Avoid PMI
PMI Rate
Term of Loan in Years
# of Payment Per Year
Credit
Excellent
Good
Fair
Poor

Down Payment
0.05
0.1
0.15
0.2

375000
5000
42491
Excellent

0.0075
0.2
0.005
30
12
APR
0.0325
0.035
0.0425
0.0525

Intermediate Calculations
APR Based on Credit Rating
Min Down Payment Required
Annual Poperty Tax
Annual PMI

=VLOOKUP(C13,A23:C26,3)
=VLOOKUP(C13,$A$23:$C$26,2)*C10
=C10*C16
=IF(F11+C11>=C10*C17,0,C18*(C10-F11))

Outputs
Total Down Payment
Amount of the Loan
Monthly Payment (P&I)
Monthly Property Tax
Monthly PMI
Total Monthly Payment
Date of Last Payment

=F11+C11
=C10-F16
=PMT(F10/C20,C19*C20,-F17)
=F12/C20
=F13/C20
=SUM(F18:F20)
=EDATE(C12,C19*C20-1)

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