Page 26 - ForeclosurePreventionGuide_Final _Neat

CAN YOU AFFORD TO KEEP YOUR HOME?

Based on what you earn, spend, need, and can sell, are you able to keep (afford) your home?

Income and Expenses:

1. Total Monthly Income $_________ (Total Household Income from What Is Your Income? on page 22)

2. Total Monthly Expenses $ ___ __ (From Where is Your Money Going? on page 23)

3. Total left over for increased $__________ (Line 1 + Line 2 above) mortgage payments or emergencies

Cash Available/Needed:

4. Cash Available $ ___ __ (Add D, E & F under Column 1 from What are Your Assets? on page 25)

5. Assets You Can Sell $__________ (Column 3 total from What are Your Assets? on page 25)

6. Total Cash Available $ ______ (Line 4 + Line 5 above)

Consider the HAMP target payment of 31% of gross monthly income for those who are eligible for that
program.

January 2020 | Page 26