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House Purchase Plan

Name: House Purchase Plan
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The House Purchase Plan Google Sheets template is a helpful tool for organizing and analyzing data when purchasing a home. It can assist in tracking and evaluating different variables such as interest rates, insurance, and the overall monthly costs associated with homeownership. By inputting different scenarios and comparing them, it can help users make a more informed decision and understand the long-term financial commitment of purchasing a house.

	B	C	D	F	G	H	N
1	House Purchase
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3	Main Assumptions
4	Any text in magenta should be changed/tailored to your situation
5	Home Purchase Price	$1,000,000	dollars
6	Percent Down Payment	20%	percent
7	Down Payment	$200,000	dollars
8	Mortgage Amount	$800,000	dollars
9	Interest Rate	2.50%	percent
10	Loan Term	30	years
11	HOA / Repairs and Maintenance	$390	per month
12	Water and Garbage	$0	per month
13	Property Tax	1.19%	percent
14	Insurance	0.15%	percent
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17	Monthly Payments			True Monthly 'Cost'
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19	Monthly Mortgage Repayments	$3,161	per month	Interest-component of Mortgage Repayments	$1,667	per month
20	HOA / Repairs and Maintenance	$390	per month	HOA / Repairs and Maintenance	$390	per month
21	Property Tax	$992	per month	Property Tax	$992	per month
22	Water and Garbage	$0	per month	Water and Garbage	$0	per month
23	Homeowner's Insurance	$125	per month	Homeowner's Insurance	$125	per month
24	Total Monthly Outlay	$4,668	per month	Total 'Cost'	$3,173	per month
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36							(standard vs itemizing deduction)
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