Behind the 1003 — Application Companion

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

Loan Program

Transaction

Term

Purchase Price

Appraised / Estimated Value

Down Payment

Base Loan Amount

Second Mortgage / Assistance Lien

Interest Rate %

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

Gross Qualifying Monthly Income

Other Monthly Debts

Annual Property Taxes

Annual Homeowners Insurance

Monthly HOA / Other Housing

Conventional PMI Annual Rate %

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.

VA Funding Fee

VA Use

Funding Fee Status

3. Results

Conventional

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

Loan-Type Comparison

Measure	Conventional	FHA	VA	USDA

This comparison uses the same base loan, rate, term, income, taxes, insurance, HOA, and debt figures for teaching purposes. Actual eligibility, pricing, loan limits, VA entitlement, USDA income/property eligibility, seller concessions, AUS findings, and lender overlays are not determined here.

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