The figures on this summary must match exactly the final figures on the 1003/1008/Final AUS Findings and the MSI Data Trac Web.
Income Borrower 1 Income Borrower 2 Income Borrower 3 Income Borrower 4 Income Self-Employed Income Rental Income Other Income Total Qualifying Income
NOTES: Attach an Income Calculation Worksheet to show the income calculation for each type of income and for each borrower. (Use other pages or attach other signed/dated detailed income calculation worksheet.) For Self-Employed Income, you must attach the current Fannie/Freddie Self-Employed Income Analysis Worksheet – or equivalent.
$ $ $ $ $ $ $ $
Important: Income for all loans must be detailed on an Income Calculation Worksheet.
Primary Residence Monthly Payment Primary P & I $ 2nd Mtg/HELOC $ Hazard Insurance $ Taxes $ Mortgage Insurance $ HOA Fees $ Other (Flood/etc.) $ Primary PITI $ Additional Debt Debts: Rental Loss Total Additional Debt
$ $ $
Total Monthly Debt
$
Supporting Documentation (list & attach): Front Ratio
Back Ratio (DTI)
Total monthly Debt from the final AUS/Credit Report/1003 – excluding Primary PITI
Attach an Income Calculation Worksheet for Rental Income/Loss.
Credit Report Date used to calculate Total Monthly Debt: Qualifying FICO Score for each Borrower:
Borrower 1
Borrower 2
Borrower 3
Debts Excluded from the DTI
Total:
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $
Payment
Supporting Documentation (list & attach)
Payment
Supporting Documentation (list & attach)
Loan is HPML/Rebuttable Presumption. RIE
(*Note: Non-Taxable Income may not be grossed up to calculate RIE.)
*Qualified Gross Monthly Income ______________ MINUS Gross Monthly Debt ___________________ Residual Income = $______________________
Liquid Reserves ______________________
UNDERWRITER NOTES:
Signed and Dated: _____________________________________________________________
%
Borrower 4
Qualifying LOAN FICO Score: Debts Not Listed on the Credit Report
Monthly Earnings: Social Security Base Income Paid Weekly Paid Bi-Weekly Paid Semi-Monthly Paid Monthly Annual Pay Hourly Other
$ $ $ $ $ $ $ $
Base Pay Rate
Income Calculations
$ $ $ $ $ $ $ $
Qualifying Income
Notes:
Variable Income: Base W-2 Income Bonus Income Commission Overtime Total from above: Non-Tax Income 2106 Expenses Other Income: _______________ Other Income: _______________ Other Income: _______________
$ $ $ $ $ $ $
Year: ________ $ $ $ $ $ $ $ $ $
Year: _______ $ $ $ $ $ $ $ $ $
Qualifying Income $ $ $ $ $ $ $ $ $
$
$
$
$
$
$
$
$
$
YTD
# Months to Average
Notes:
BORROWER # _____ –TOTAL QUALIFYING INCOME:
$
Signed and Dated: _____________________________________________________________ See attached calculation pages for Self-Employed Income Rental Income
Monthly Earnings: Social Security Base Income Paid Weekly Paid Bi-Weekly Paid Semi-Monthly Paid Monthly Annual Pay Hourly Other
$ $ $ $ $ $ $ $
Base Pay Rate
Income Calculations
$ $ $ $ $ $ $ $
Qualifying Income
Notes:
Variable Income: Base W-2 Income Bonus Income Commission Overtime Total from above: Non-Tax Income 2106 Expenses Other Income: _______________ Other Income: _______________ Other Income: _______________
$ $ $ $ $ $ $
Year: ________ $ $ $ $ $ $ $ $ $
Year: _______ $ $ $ $ $ $ $ $ $
Qualifying Income $ $ $ $ $ $ $ $ $
$
$
$
$
$
$
$
$
$
YTD
# Months to Average
Notes:
BORROWER # _____ –TOTAL QUALIFYING INCOME:
$
Signed and Dated: _____________________________________________________________ See attached calculation pages for Self-Employed Income Rental Income
Monthly Earnings: Social Security Base Income Paid Weekly Paid Bi-Weekly Paid Semi-Monthly Paid Monthly Annual Pay Hourly Other
$ $ $ $ $ $ $ $
Base Pay Rate
Income Calculations
$ $ $ $ $ $ $ $
Qualifying Income
Notes:
Variable Income: Base W-2 Income Bonus Income Commission Overtime Total from above: Non-Tax Income 2106 Expenses Other Income: _______________ Other Income: _______________ Other Income: _______________
$ $ $ $ $ $ $
Year: ________ $ $ $ $ $ $ $ $ $
Year: _______ $ $ $ $ $ $ $ $ $
Qualifying Income $ $ $ $ $ $ $ $ $
$
$
$
$
$
$
$
$
$
YTD
# Months to Average
Notes:
BORROWER # _____ –TOTAL QUALIFYING INCOME:
$
Signed and Dated: _____________________________________________________________ See attached calculation pages for Self-Employed Income Rental Income
Monthly Earnings: Social Security Base Income Paid Weekly Paid Bi-Weekly Paid Semi-Monthly Paid Monthly Annual Pay Hourly Other
$ $ $ $ $ $ $ $
Base Pay Rate
Income Calculations
$ $ $ $ $ $ $ $
Qualifying Income
Notes:
Variable Income: Base W-2 Income Bonus Income Commission Overtime Total from above: Non-Tax Income 2106 Expenses Other Income: _______________ Other Income: _______________ Other Income: _______________
$ $ $ $ $ $ $
Year: ________ $ $ $ $ $ $ $ $ $
Year: _______ $ $ $ $ $ $ $ $ $
Qualifying Income $ $ $ $ $ $ $ $ $
$
$
$
$
$
$
$
$
$
YTD
# Months to Average
Notes:
BORROWER # _____ –TOTAL QUALIFYING INCOME:
$
Signed and Dated: _____________________________________________________________ See attached calculation pages for Self-Employed Income Rental Income
Residual Income Evaluation Attestation RE: Date of Evaluation The undersigned hereby affirms and attests that in connection with the mortgage loan for Borrower name(s) securing the property located at
Residual Income Evaluation was performed on ______________ using documentation provided by the (MM/DD/YYYY) borrower prior to loan consummation. Signature: Printed name: Company: Title: