HUD Asset & Income from Asset Calculations Current Guidance
Step 1 Enter Monthly Gross Rental Income $ Step 2 Total Monthly Income used for qualifying = Subtotal from step 1 multiplied by 75% $ Step 3 Enter monthly PITI (principal, interest, taxes & insurance) $ Step 4 Enter monthly MI (mortgage insurance) $ Step 5 Enter monthly HOA (homeowners association) dues $ Step 6 Enter other monthly expenses $ ................
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