Mortgage Calculator Spreadsheet Template

Something I wish I had learned in college: a tiny change in the initial interest rate can make a MASSIVE difference in how much total interest you end up paying back the bank

Fixed-Rate vs. Adjustable-Rate Mortgage

Please note the calculations we’re going through today is for a fixed rate mortgage, where the 3.3% interest rate does not change over the 30 years, versus an adjustable-rate or variable-rate mortgage, where the interest rate may change over the lifetime the loan, calculations are a little different, I’ll touch on that at the end of the video