Should you pay down your mortgage and live debt free or invest?
My spreadsheet works with both Google Sheets and Microsoft Excel. It is a simple and easy to use template for running various pay off your mortgage vs. invest scenarios.
Pay Off Mortgage vs Invest Calculator Spreadsheet for Google Sheets & Excel
Now you can easily run scenarios with just a few clicks with the new Pay Off Mortgage vs Invest Calculator Spreadsheet.
- For both Google Sheets and Microsoft Excel users, click here to “Make a Copy” of the Pay vs. Invest Spreadsheet
- For Excel users only, you will then want to click “File” then –> “Download” –> “Microsoft Excel (.xlsx)”
- That’s it then you are off and running!
Then punch in your info here:
You can toggle your expected returns here. I set it at 8% as default:
And then you can let the spreadsheet do the rest of the analysis for you. It should look something like this:
So, if like me you end up trying to decide between paying down your mortgage or investing, you can calculate out the best option for your specific mortgage.
Please let me know if you run into any issues with the spreadsheet in the comments. Thanks!