An aggressive mortgage paydown saves you interest and helps you get ever-closer to financial independence & security for your family!
NOTE: This tool works best with Excel, but can also be used with Google Sheets.
To open in Google Sheets, download and save the file to your computer without opening it. Open Google Sheets. In the upper right quadrant, select the Manila folder icon to “upload file”. Refresh often to see calculations.
Are you planning to put a big chunk toward the mortgage every month? What about your future tax return, bonus, or other large amount down the road?
Are you planning to increase your income over the next few years and want to put it toward the mortgage, and you want to know how that will improve your payoff date?
We’ve got you. Ours can totally do that!
+ Change and play around with several variables to see how it affects your payoff date
+ Input for one-time lump sum payments on mortgage (bonuses, tax refunds, etc.)
+ Input for expected increases in monthly mortgage payment (future raises, second job, etc.)
+ Shows mortgage payoff date whether you are on a monthly, twice monthly, or biweekly mortgage schedule for your minimum payment
+ Clearly displays your mortgage stats
+ Clearly displays mortgage payoff month and year (will show all calculations on next page)
I’m still figuring everything out, but so far I love it!
I really like how it is set up. I do have some questions. Also, I have contacted you about my Debt Snowball purchase that I cannot download. I have not had a response. Could someone please reach out to me? Thank you so much
So easy to use and lets you keep track of so many things. I can’t live without a budget and this spreadsheet lets me feel in control of my money.
This saved me an immense amount of time by not having to create my own speadsheet. And let’s be honest, mine certainly wouldn’t have been as comprehensive or pleasing to look at. After filling out the Snowball Calculator, and presenting the information to my husband, I can say we are officially motivated, and united in the goal of paying off our debts and taking control of our finances. When you’re dealing with something as challenging as chipping away at a mountain of debt, a beautiful Excell worksheet can really be a useful and powerful tool. Thank you!
Wow! What a fabulous calculation sheet! It’s so simple. The calculations are done for you and now I can clearly see where to put my additional payments AND when I’ll be DEBT FREE! I cannot wait. I’m looking forward to paying everything down as fast as possible. Having visuals is so helpful – so motivated!