1. Property & Financials 2. 2nd Mortgage Terms 3. Affordability Analysis Property & Financial Details Property Information Current Market Value of Property ($): Current First Mortgage Balance ($): Income & Existing Debts Gross Monthly Income ($): First Mortgage Monthly P&I Payment ($): Principal and Interest only for your primary mortgage. Annual Property Taxes ($): Annual Homeowner's Insurance ($): Monthly HOA Fees ($) (if any): Other Non-Housing Monthly Debts: Car Payments ($): Student Loan Payments ($): Credit Card Minimum Payments ($): Other Monthly Debts ($) (e.g. personal loans): Next: 2nd Mortgage Terms Second Mortgage Terms & Lender Guidelines Desired Second Mortgage Terms Expected Annual Interest Rate (%): Loan Term (Years): 30 Years 20 Years 15 Years 10 Years 5 Years Lender Guideline Assumptions These are typical limits. Adjust if you know your lender's specific requirements. Max Combined Loan-to-Value (CLTV) (%): (First Mortgage + Second Mortgage) / Property Value. Typically 80-90%. Max Back-End Debt-to-Income (DTI) (%): Total Monthly Debts (including all housing costs) / Gross Monthly Income. Typically 36-45%. Previous Calculate Affordability Second Mortgage Affordability Analysis Complete previous steps to view your affordability analysis. Download Analysis (PDF) Previous
