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Home Equity Loan Calculator

http://www.vertex42.com/Calculators/home-equity-loan-calculator.html

2007 Vertex42 LLC

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No.

http://www.vertex42.com/Calculators/home-equity-loan-calculator.html

2007 Vertex42 LLC

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180

http://www.vertex42.com/Calculators/home-equity-loan-calculator.html

2007 Vertex42 LLC

Home Equity Calculator

2007 Vertex42 LLC

Download from Vertex42.com

2007 Vertex42 LLC

This
Thisspreadsheet
spreadsheetestimates
estimatesthe
theamount
amountof
ofequity
equityin
in
your
yourhome
homeafter
afteraanumber
numberof
ofyears
yearsby
bysubtracting
subtracting
the
from
home's
thebalance
balanceowed
owed
fromthe
theTable
home'svalue.
value.ItIttakes
takes
Summary
into
intoaccount
accountan
anestimated
estimatedhome
homeappreciation
appreciationrate
rate
(enter
a
negative
rate
if
your
home
is
decreasing
Years
Balance
Equity
(enter a negative rate if your home is decreasingin
in
value).
Specifying
the
monthly
payment
amount(s)
1 Specifying the
value).
monthly payment10,335
amount(s)
142,665
lets
you
consider
amortized
fixed-rate
loans,
lets you consider amortized fixed-rate loans,
2
134,746
21,314
interest-only
interest-onlyloans,
loans,and
andmonthly
monthlyextra
extrapayments.
payments.
Read
for
Readthe
3
thecell
cellcomments
comments
formore
moreinfo
infoand
and
126,194
32,987
instructions.
instructions.

Estimate Your Home Equity after N Years

$

150,000
2.00%

Balance on 1st Mortgage

Annual Interest Rate

Monthly Payment (PI)

100,000
7.00%
1,040

Current Value of Home

Yearly Appreciation Rate

Balance on 2nd Mortgage

Annual Interest Rate

Monthly Payment (PI)

50,000
10.00%
550
4

Number of Years from Now

4
116,958
45,407
This
does
round
Thiscalculator
calculator
doesnot
not106,981
roundthe
theinterest
interestor
orpayment,
payment,
5
58,631
and
andthe
theappreciation
appreciationrate
rateisishighly
highlyvariable,
variable,so
sothe
theresults
results
are
only
estimates.
6
96,202
72,723
are only estimates.
7
8

11.79 Years to Pay Of

84,554

87,749

71,965

103,784

Equity

160,000

14.23 Years to Pay Of

Balance

140,000
120,000

(4 years, 0 months)

100,000
80,000

Unpaid Balance:

60,000

116,958

40,000

[42]

20,000

Pre-Tax Home Equity:

45,407

0
1

Mo.

Interest Principle
Loan 1
Loan 1

Balance
Loan 1
$

Interest Principle
Loan 2
Loan 2

100,000

Balance
Loan 2
$

50,000

Total
Balance
$

150,000

4 f rom5Now
Years

Home
Value
$

150,000

Pre-Tax
Equity
$

583.33

456.67

99,543.33

416.67

133.33

49,866.67

149,410.00

150,247.74

837.74

580.67

459.33

99,084.00

415.56

134.44

49,732.22

148,816.23

150,495.88

1,679.66

577.99

462.01

98,621.99

414.44

135.56

49,596.66

148,218.65

150,744.44

2,525.79

575.29

464.71

98,157.29

413.31

136.69

49,459.96

147,617.25

150,993.41

3,376.16

572.58

467.42

97,689.87

412.17

137.83

49,322.13

147,012.00

151,242.78

4,230.78

569.86

470.14

97,219.73

411.02

138.98

49,183.15

146,402.88

151,492.57

5,089.70

567.12

472.88

96,746.84

409.86

140.14

49,043.01

145,789.85

151,742.78

5,952.93

564.36

475.64

96,271.20

408.69

141.31

48,901.70

145,172.90

151,993.39

6,820.49

561.58

478.42

95,792.78

407.51

142.49

48,759.21

144,552.00

152,244.42

7,692.43

10

558.79

481.21

95,311.57

406.33

143.67

48,615.54

143,927.11

152,495.87

8,568.75

11

555.98

484.02

94,827.56

405.13

144.87

48,470.67

143,298.23

152,747.72

9,449.50

http://www.vertex42.com/Calculators/home-equity-loan-calculator.html

2007 Vertex42 LLC

Buying Rental Property

Property Value Today
Land Value
Building Value
Mortgage
Principal
Down payment (%)
Closing cost
Loan Charges
Number of years I want to keep the property
Mortgage Interest Rate
Loan Term
Total Interest after maturity
Total Interest after keeping the property
Monthly Payment
Fixed Expenses
HOA
Property tax
Property management
Maintenance
Income
Expected Monthly rent
Unoccupied months a year
Annual rent increase %
Total rent collected over term
Selling Property
Appreciation per annum
Appreciation 2% per annum
Selling cost x% of property value
Here are the taxes that I think I will have to pay
Depreciation
Capital Gain %
Income tax %
Gross Returns
Net Returns after taxes
Net Returns after and selling cost
Annualized rate of return on initial inventment

Variable

Actual
$
$
$

130,000.00
26,000.00
104,000.00

$
20 $
0 $

104,000.00
26,000.00
-

15
5%
15
$
$

44,036.00
44,036.00

$
$
$
$

54,000.00
25,500.00
18,000.00
22,500.00

180,000.00

$
6% $

174,962.88
10,497.77

$
15% $
25% $

56,727.27
13,678.86
3,309.18

$
$
$

86,926.88
69,938.84
59,441.07

822.43

300
1700
100
1500

1200
2
2

#VALUE!

!
!
!
!

This
This
This
This

is
is
is
is

variable
variable
variable
variable

1
2

12000
12240

240
367.2

3
12607.2
378.216
4 12985.42 389.5625
5 13374.98 401.2494
6 13776.23 413.2868
7 14189.51 425.6854
8
14615.2
438.456
9 15053.66 451.6097
10 15505.27
465.158
11
12
13
14
15

15970.42
16449.54
16943.02
17451.31
17974.85
221136.6

479.1127
493.4861
508.2907
523.5394
539.2456
6634.098

12000