Payment calculator
Step 1: In the top box Input amount you currently owe.
Step 2: In the middle box Input the lowest rate your program offers
Step 3: In the bottom box Input number of years you have remaining on your loan or in the case of the governament
program input 40.
Step 5: click calculate button for your principle and interest payment
step 6: dont forget to add your monthly payment for taxes, insurance, commons charges and PMI where applicable when
figuring your total housing payment. If this number is higher then 31% of your gross income you will be declined
for the government program. If it is higher then 37% of your gross income you wont likely qualify for a modification
of any type.