Applicant 1 Income
| Income Type | Frequency | Payment ($) | Annual Amount ($) | Notes |
|---|---|---|---|---|
| Total Annual Income (Applicant 1) | $0 | |||
Applicant 2 Income
| Income Type | Frequency | Payment ($) | Annual Amount ($) | Notes |
|---|---|---|---|---|
| Total Annual Income (Applicant 2) | $0 | |||
Combined Income Summary
Combined Annual Income
$0
Monthly Income
$0
Applicant 1 Liabilities
Automatic Payment = 3% of balance for revolving debt, or amortized over 25yrs @ 5.25% for Secured LOC. Use manual override to enter actual payment.
| Liability Type | Balance ($) | Auto Payment | Manual ($) | Frequency | Override? | Monthly Pmt |
|---|
Applicant 2 Liabilities
| Liability Type | Balance ($) | Auto Payment | Manual ($) | Frequency | Override? | Monthly Pmt |
|---|
Total Monthly Liabilities
Total Monthly Debt Payments
$0
Property & Mortgage Details
Used when Type = Percentage
Used when Type = Amount
Computed Results
Minimum Down Payment
$25,000
Effective DP %
10%
Effective DP Amount
$50,000
Loan Amount
$450,000
LTV
90%
Insurance Needed?
Yes
Premium Rate
Premium Amount
Total Mortgage
$463,950
Qualifying Rate
6.99%