Borrower   ___________________ Co-Borrower ___________________

Gross monthly income $_______________(1)

Gross Monthly Income x _____________% =          $_______________(2)

Housing Ratio

Gross Monthly Income x _____________% =           $_______________(3)

Debt To Income Ratio

Total Monthly Debt Payments =                      $_______________(4)

(Any debt with 6 months or more remaining)

Subtract Line (4) from Line (3) =                      $_______________(5)

Maximum Monthly Mortgage

Payment Allowed

Enter the lesser amount from Line (2) or (5)        $_______________(6)

Escrows

Multiply Line (6) by 20% =                                 $_______________(7)

Subtract Line (7) from Line (6)                            $_______________(8)

                                                               Maximum principal plus interest payment

Affordability

Term of Mortgage ________________

Interest Rate Factor _______________

Factor Table

Divide Line (8) by ______________ =          $________________(9)

Factor

Multiply Line (9) by $1,000.00 =                     $________________(10)

                                                                         Maximum Mortgage Amount