Behind the 1003

Application Companion — keep open beside Calyx Point or your LOS

Loan Analysis / Qualification

Choose a loan program, enter the borrower and property figures, and use the results to teach LTV, payment, mortgage insurance/guarantee fees, and DTI. This is a training estimate—not an AUS, pricing engine, or final underwriting decision.

1. Loan Setup

For a purchase, LTV uses the lesser of purchase price or appraised value when both are entered. Change Base Loan Amount directly if your structure differs from price minus down payment.

2. Income, Debts & Housing Expense

Conventional PMI is entered as a rate because actual PMI pricing varies by mortgage insurer and borrower/loan characteristics. Homeowners insurance is converted from the annual estimate you enter.

3. Results — DTI First

Conventional
HOUSING RATIO0.00%Housing payment ÷ gross qualifying monthly income
TOTAL DTI0.00%(Housing + other monthly debts) ÷ gross qualifying monthly income
Application → Qualification: Income, monthly debts, purchase price, value, loan amount, down payment, and subordinate financing entered in the URLA Companion can feed this calculator.
Value Used for LTV$0
LTV0.00%
CLTV0.00%
Upfront MI / Guarantee / Funding Fee$0
Total Financed Loan$0
Principal & Interest$0
Monthly MI / Annual Fee Estimate$0
Total Housing Payment$0
Front-End Ratio0.00%
Back-End DTI0.00%
Down Payment %0.00%
Monthly Taxes + HOI + HOA$0
Training prototype: Application entry fields below are for fictional/test borrowers only. Do not enter real Social Security numbers, account numbers, or other borrower nonpublic personal information in this prototype.
LIVE INCOME & DTIUpdates as application figures are entered
QUALIFYING MONTHLY INCOME$0
MONTHLY DEBT$0
EST. HOUSING PAYMENT$0
HOUSING RATIO0.00%
TOTAL DTI0.00%
Housing and ratios use the current Loan Analysis assumptions for rate, taxes, insurance, HOA and program. This is a training estimate—not an underwriting decision.
ADMIN EDITING IS ON. Open WHY, RULES, WATCH OUT, EXPERIENCED MLO KNOWS, or PROGRAM DIFFERENCES and click “Edit this response.” Your edits are saved in this browser. Export them from the Admin Tools box before moving to another computer.
© 2026 Steve Morrow — All Rights Reserved — Private & Proprietary. Behind the 1003 and The Mortgage WHY may not be copied, reproduced, distributed, shared, published, or used to create derivative training materials without express written permission. Training companion prototype. It includes local training worksheet fields but is not a secure mortgage application system or LOS. Do not enter real borrower nonpublic personal information. It does not replace current employer policies, legal/compliance review, or current agency/investor guidance. Rule content is intentionally framed so numeric thresholds and program-specific requirements can be maintained against current primary sources.