Live Ratios • Lane Classification
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 3.10%
Premium Amount $13,950
Total Mortgage $463,950
Qualifying Rate 6.99%

Live Results

A
A-Lender (Insured)
32%
GDS
PASS ≤39%
38%
TDS
PASS ≤44%

Payment

Mortgage Payment $2,700
Qualifying Payment $3,100
Monthly

Monthly Housing Costs (GDS)

Qualifying Payment $3,100
Property Tax $333
Heating $150
Condo Fees (50%) $0
Total Housing $3,583

+ Liabilities (TDS)

Housing Costs $3,583
Other Debts $500
Total Obligations $4,083

Income

Annual Income $100,000
Monthly Income $8,333