1 Download the Home Ownership Expense Calculator

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Filename: home-expense-calculator.xls

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The ultimate all-in-one mortgage calculator for Excel. Fixed or variable rate. Optional extra payments.
Estimate the mortgage that you can afford based on income, debt-to-income ratio, down payment, and housing expenses.
A monthly budget worksheet with categories for an individual person.
Record daily transactions just like you would with Quicken or Microsoft Money. The budget report updates automatically based on your transaction history.
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Before you get into debt, plan to get out!

Nobody should ever take on a debt without first having a good handle on their finances. First, you need a budget to know how much debt you can afford. Second, you need to work into your budget a plan to get out of debt again. Third, you need the discipline to follow through with your plan. I can't give you the discipline, but I can recommend the use of Vertex42's budget spreadsheets and financial calculators.

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