Buying a house is one of the biggest financial decisions you’ll make, so why not make it easier with our free and user-friendly house buying spreadsheet? This powerful tool is designed to help you manage your money, track your spending, and determine if you can truly afford your dream home.
If you’re looking for a worksheet to calculate costs or creating a plan to save for that down payment, then this spreadsheet has everything you need. It even highlights possible tax benefits, helping you make smarter financial decisions along the way.
Get started by signing up to download this essential resource and take the first step toward creating a clear financial plan for your future home. Say goodbye to guesswork—this house buying spreadsheet is your key to simplifying and organizing the process.
Download EXCEL or Google Sheets
Google Sheets
Home Buying Spreadsheet Template
You can copy and paste this template into Google Sheets or Microsoft Excel to track your home buying process. The columns and rows include all the relevant financial aspects and built-in calculations.
Columns and Headers Overview
| Category | Details | Notes/Calculations |
|---|---|---|
| Purchase Price | Input the total cost of the house you want to buy. | Example: $300,000 |
| Down Payment | Enter the amount of savings allocated for the down payment. | Typically 10–20% of the purchase price. Use =B2*0.20 to calculate automatically. |
| Mortgage Payment | Estimate your monthly mortgage payment (including principal and interest). | Use online calculators or consult a financial advisor. |
| Property Taxes | Estimated annual property taxes on the home. | Divide by 12 for monthly allocation. |
| Closing Costs | Enter estimated legal, lender, and other fees during home purchase. | Example: Typically 2–5% of the purchase price. Use =B2*0.03 for reference. |
| Monthly Budget | Your total monthly budget for housing expenses, including mortgage and taxes. | Ensure affordability based on your income and expenses. |
| Debt-to-Income Ratio | Your total debt as a percentage of your monthly income. | Use =SUM(Other debts)/Income. |
| Savings | Track the current savings you want to allocate for homeownership. | Update regularly. |
| Insurance Costs | Estimate annual homeowners’ insurance costs. | Include in your total expenses section. |
| Other Expenses | Record additional costs, such as maintenance or HOA fees. | Always plan for unexpected expenses. |
Accessible on your computer, this downloadable spreadsheet works seamlessly with Google Sheets or as an Excel file, making it convenient for every user. From balancing your budget to maintaining control over closing costs, it’s a reliable tool to guide you through the home buying process. With features designed for affordability analysis, it helps you track everything from what you need to pay upfront to the monthly expenses you’ll need to handle as a homeowner.
Rows for Calculations and Estimates
- Estimated Total Costs – Sum of purchase price, closing costs, and down payment. (Use =SUM(B2, B5, B3) in Excel or Sheets.)
- Monthly Housing Costs – Combine monthly mortgage payment, taxes, and insurance expenses. (Use =SUM(C3:C6) for calculations.)
- Remaining Savings Post-Down Payment – Subtract down payment from total savings. (Use =C8 – B3).
- Budget Breach Alert – Add a cell to notify if monthly housing costs exceed 30% of income. (Use Conditional Formatting in Google Sheets.)
Tips for Use
- Save this as a Google Sheets file on your Google Drive account for easy access.
- Adjust the template to fit your own home buying needs.
- Use this tool to determine affordability before making a purchase decision.
- Regularly review your finances, taxes, and homeowner-related expenses.
This home buying spreadsheet is a simple yet effective resource for navigating the home purchase process with confidence.
Check Back for Updates
We’re always working to improve your house buying experience. Check back regularly for updates to the spreadsheet, including enhanced features, better tools for budgeting, and new resources to help you manage your finances. If it’s simplifying calculations or adding insights on tax benefits and spending, then we’re committed to keeping this tool as helpful and reliable as possible. Stay connected and make the most of this free resource—your dream home is just a few steps away.
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If you’re planning to buy your first house or your next investment property, then we’re here to guide you every step of the way. Join today and unlock the knowledge and support you need to achieve your real estate goals.