After reading Steves book, Ive bumbled through one… in excel…
Its pretty raw and based on a few general assumptions but I hope it helps some of you… or can be modified/corrected for your own needs…
If you would like a copy drop me an email and I can send it might make some of those calcs of +ve or or –ve a little easier…
It’s not too bad Kelvin, but it fails to take tax into account, still it is a good rough indicator, and you are not restricted on your loan term like mine.
Agreed, I like the look of i. To make it simpler for yourself though, I would make the cells that are variable for the IO = to the same ones for the P&I. That way it saves inputting twice.
Fudge, you don’t need to add tax to this one – it’s just a matter of CoC Return. And tax is always different for everybody, so if you want it, it’s easy to add it in yourelf.
IF deposit is greater than or equal to 20% of purchase price then the closing cost Ive put down is 5%, if the deposit is less then its 2.5% of the purchase price…