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Print out this sheet to help keep track of your monthly expenses and income to help with your real

estate transaction!

LOAN QUALIFICATION WORKSHEET

Monthly Income Calculation:

Base Pay $________________

Bonus Pay $________________

Dividends $________________

Rental Income $____________

Other $___________________

Total Income $___________

Assets:

____________ $____________

Total Value $____________

Monthly Housing Expenses:

Principal & Interest $________

Taxes $___________________

Insurance $________________

PMI $___________________

Other $___________________

Total $_________________

New Home Calculation:

Price $__________________

Interest Rate $____________

P & I Payment $____________

Taxes $__________________

Insurance$_________________

PMI $_________________

Assessments $______________

Total $_________________

Monthly Expense Calculation:

House Payment/Rent $_____________

Loan Payment $__________________

Credit Card Payment $______________

Other Payments $_________________

Total Expenses $________________

Type of Mortgage:

___ 30 Year Fixed ___ VA

___ 15 Year Fixed ___ FHA

___ Adjustable Rate ___ Conventional

___ Other ___ Other

Monthly Debt Expenses/Ratio:

Total Debts $____________________

Total Monthly Expenses $______________

$____________ / $____________ = _____%

Cost of Housing Income

$____________ / $____________ = _____%

Total Debt Income

Funds Needed to Close:

Down Payment $ ________________

Closing Costs $__________________

Pre-paids $____________________

Reserves $____________________

TOTAL NEEDED $_________________

Assets Available $________________

Assets to be Liquidated $__________