House Down Payment Savings Planner

A house deposit is not a savings goal — it is a deadline with a number on it. The number is bigger than you think (down payment PLUS closing costs), the date is fixed by your life, and “save what is left at month end” has never once hit either. This planner works the problem in the order it actually bites: the true total first, the straight-line monthly amount your date demands second, and then a month-by-month growth tracker that tells you — with your real savings rate included — whether the plan lands in time or lands late.

What it does for you:
– Start Here — 5-minute setup: target home price, down payment %, closing costs estimate, what you have already saved, saving start and target buy dates, your monthly saving and your savings account’s growth rate.
– Savings Plan — Down Payment Needed, Total Needed (down payment + closing costs), Still to Save, the months you actually have, and the straight-line Monthly Needed your date demands, next to Your Monthly Saving and the surplus or shortfall between them.
– What-If Scenarios — four monthly amounts priced WITH growth: months to goal and finish date for each. In the samples ($450,000 home, 20% down, $99,000 total needed), saving $1,400/month lands in 56 months — one month LATE — while your $1,600 plan lands in 50, five months early. The sheet says LATE out loud instead of letting you find out at the estate agent’s desk.
– Growth Tracker — 60 months, statement-style: Opening, your Deposit, Growth (opening × your rate ÷ 12, rounded to the cent), Closing. At the sample rate the growth alone adds $11,471.76 over the plan, and the projected balance at the target month ($110,259.77) is compared with the goal on the same tab.
– Dashboard — total needed, still to save, months left, monthly needed vs yours, projected balance and surplus at target, and % of goal already saved, at a glance.
– Expense Log & Monthly Budget — a zero-based budget with a House Deposit Fund category, so the monthly deposit is funded on purpose, not from leftovers.
– Sample rows pre-filled so every formula works the moment you open it; formula cells are locked (password disclosed in Start Here) and every formula is error-wrapped. Growth is an estimate at the rate YOU enter — accounts vary and rates change. A planning tool, not financial or mortgage advice.

What’s inside (.xlsx, works in Excel AND Google Sheets): Start Here · Savings Plan (total + 4 what-if scenarios) · Growth Tracker (60 months) · Expense Log · Monthly Budget (zero-based) · Dashboard · Monthly Summary (12 months).

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