|
A. Repayment Income |
| 1. Annual Gross Income (From Item A-5 in Appendix
12-A) |
$ |
| 2. Deduct Gross Income from Occupants not
Party to the Note |
$ |
| 3. Balance is "Repayment Income" |
$ |
| B. Feasibility Based on
Ration of PITI to Repayment Income |
| 1. PITI (From D3 in Appendix
12-C) |
$ |
| 2. Percent of Repayment Income for PITI
(B1/A3) |
% |
| 3. Basic Maximum Percentage*
For
Low-Income 31%
For
Very Low-Income 29% |
% |
| C. Feasibility Based on
Ratio of Total Debt (TD) to Repayment Income |
| 1. Monthly Repayment Income (A3/12) |
$ |
| 2. Monthly PITI (B1/12) |
$ |
| 3. Monthly Long-Term Obligations (Debt
Payment) |
$ |
| 4. Monthly Short-Term Obligations |
$ |
| 5. Minimum Monthly Revolving Credit Card
Debt Payment |
$ |
| 6. Total Monthly Debt Payment
(C1+C2+C3+C4+C5) |
$ |
| 7. Percent, TD to Repayment Income (C6/A3) |
% |
| 8. Basic Maximum Percentage |
41% |