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 you meet the other Home Affordable Modification guidelines, then you may be eligible.

Remember that the process has changed considerably over the last several months, so to be sure about your options we do encourage you to use our FREE Evaluation service.

Enter Your Gross Monthly Income This is the income of all borrowers who signed your mortgage BEFORE taxes and any adjustments.     Mortgage Payment-to-Income Guideline   31% Mortgage Payment Guideline   CALCULATE If your current mortgage payment is above the amount shown in the Mortgage Payment Guideline, then you may be eligible for the Making Home Affordable Loan Modification Program. Remember there are other programs, and things are changing everyday. If you want a thorough FREE review of your options, then relize we provide this here.

ADDITIONAL NOTES
Gross Monthly Income: is the total income of all borrowers who signed your mortgage before any taxes or other deductions are made. If more than one person signed your mortgage, such as your spouse or a co-signer, add the gross monthly income of all borrowers and enter this amount.

Mortgage Payment: is defined as what you pay on a monthly-basis for principal, interest, property taxes, hazard insurance and homeowner’s association fees, if applicable. Please include information about your first (or “primary”) mortgage only. Do not include any payments on your second mortgage. You may have taxes and interest in escrow added to your monthly payment already, so be careful to count taxes and escrow only once.

Mortgage Payment Guideline: this is calculated as 31% of your current monthly gross income. If your current monthly mortgage payment is above this amount, you may be eligible for the Home Affordable Modification.

Privacy Note: to protect your privacy, this site will not record your information.

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1. Payment Calculator For Loan Modification Reductions