Mortgage Refinance Comparison Excel Model
Originally published: 08/02/2021 08:34
Publication number: ELQ-32099-1
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Mortgage Refinance Comparison Excel Model

The Mortgage Refinance Comparison Model in Microsoft Excel to download.

Description
The Mortgage Refinance Comparison Model is very easy to use and provides the details you need to make an informed decision, or narrow your options, before you spend any of your time and energy with lenders.

COMPARE YOUR CURRENT MORTGAGE WITH UP TO 3 ALTERNATIVES
✦ input basic information for your current mortgage – original term, interest rate, principal, and the number of payments you have made ✦ input basic information for up to 3 alternatives ✦ model will calculate and graph the following key metric comparisons: total payout-to-term; total savings-to-term; monthly payment; number of months to payback closing costs; and number of months to payoff.

EXCELLENT USABILITY
✦ easy data entry & modification ✦ powerful dashboard graphs ✦ clean yet detailed mortgage amortization schedules for each option

Disclaimer: Calculations in the Mortgage Refinance Comparison Model (“Model”) are just estimates. Assumptions may turn out differently in reality. No Warranty: The Model and all related worksheets, components, and formulas are provided on an “as is” basis and your use of the Model is at your own risk. In no event shall I be liable to you or any third party for any lost profits or incidental, consequential, punitive, special, or indirect damages arising out of or in connection with the use of the Model. Macros: There are no macros in the Model. Redistribution: The Model is for the sole personal use of the purchaser. No sharing, redistribution, or commercial use of any kind is permitted.

This Best Practice includes
1 Excel Spreadsheet

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Further information

Quick and easy way to see and compare a variety of mortgage refinance scenarios.

If you are considering refinancing your mortgage and just want to see whether or not it is worthwhile, or if you want to compare various refinance options to help you to decide on the best one.


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