This calculator provides a good idea about what monthly reduction you might be eligible for on your primary mortgage payments, in accordance with the Making Home Affordable program. Under the Home Affordable Modification program, the target maximum amount for your mortgage payment (or mortgage debt-to-income) should be 31% of your gross (pre-tax) monthly income.
This Payment Reduction Estimator will determine what your current …

This tools provides a simple and quick guide to see if you are eligible for the Home Affordable Modification Program (HAMP) as outlined by the Obama Administration. Enter your current monthly gross income into the form, and then click on the Calculate button. The tool will calculate a mortgage payment guideline amount. If your current mortgage payment is above this amount and …