Mortgage Ratio Worksheet
Part I
Loan-To-Value Ratio:
1. Mortgage Amount(s) $ 
2. Appraised Value $ 
3. Line 1 divided by Line 2    
 
Note: This is the percentage of the purchase price/appraised value of your home that will be allocated to your total mortgage. A percentage rate over 80% may result in you incurring additional costs.
 
Part II
Income Ratio
Monthly Housing Expenses:
1. Principal and Interest Payment $ 
2. Houseowner's Insurance $ 
3. Real Estate Tax $ 
4. Mortgage Insurance Premium $ 
5. Homeowner's Assoc. Fee $ 
6. Ground Rents $ 
7. Payments on Existing or Proposed
2nd Mortgage		 $ 
8. Total Housing Expense
(Add lines 1 through 7)		 $ 
Monthly Gross Income:
9. Gross Salary $ 
10. Dividends/Interest $ 
11. Social Security/Pension $ 
12. Alimony/Child Support $ 
13. Other $ 
14. Total Gross Income $ 
15. Divide Line 8 by Line 14    
Note: This is the percentage of your gross monthly income that will be allocated to your mortgage expenses.
 
Part III
Long-Term Debt Ratio
Monthly Expenses:
1. Total Housing Expense (Part II, Line 8) $ 
2. Credit Cards $ 
3. Car Payments $ 
4. Loans
(Not Included on Line 1 or Line 3)		 $ 
5. Alimony/Child Support $ 
6. Total Expenses
(Lines 1 through 5)		 $ 
 
Monthly Income:
7. Total Gross Income
(Part II, Line 14)		 $ 
8. Divide Line 6 by Line 7    
 
Note: This is the percentage of your gross monthly income that will be allocated to your mortgage expenses and other debt that you pay on a monthly basis