The Loss Mitigation Alliance - Workout Calculator
Monthly Income/Source Borrower 1 Borrower 2
TOTAL Monthly Net Income $  $ 
Combined Total Net $ 
Asset Evaluation
Description Estim. Value Amount Owed Net Value
$ 
$ 
$ 
$ 
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$ 
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TOTAL $ 
Category Description Monthly Payment Balance Due Comments
Monthly Loan Payments Mortgage Payment (Primary Residence)
Credit Cards and/or Revolving Debt
Utilities
Insurance
Automobile and/or Trans - portation
Household
Legal
Misc. Expenses
Total $ 
Overview
Your Total Net Income $ 
Your Total Monthly Debts $ 
Your Monthly Surplus $ 
FHA Surplus Income % % 
Minimum 5% Surplus Income $ 
Please review the following pages as a Reference
Please try to be as accurate as possible
Deferment or Extension
Your lender may or may not be able to offer you a Payment Deferment. Typically, 6 payments are the Maximum Number of Payments that can be deferred but this will vary depending on your Loan and your Lender and/or Servicing Agent. If you are less than 6 months Delinquent and you can NOW afford your normal monthly payments, then you should check with your Lender/Servicing Agent for the possibility of a Deferment. If a Deferment/Extension is not an option, your next consideration would be a Forbearance Agreement.
Forbearance or Similar Repayment Plan
Reinstatement Amount *This is the amount needed to bring your loan Current and up to date. It will include attorney fees, Foreclosure Costs, Later Charges, Taxes paid, etc.
Down Payment Ability *How much money can you pay as a Down Payment towards a Repayment Plan?
$  *This payment amount is an estimate based on information you have provided
Modification Payment Estimator
Input Fields
Current PAYOFF of your loan
Current Interest Rate
Loan Period in Years (default is 30)
Escrows
Annual Insurance (combined)
Annual Property Taxes (combined)
Annual Association Dues (if any)
MONTHLY PMI Premiums (if any)
Estimated Principal and Interest Payment $ 
Estimated Monthly Escrow $ 
Estimated Modification Payment $ 
SPECIAL Modification
Use the Calculator Below to work up the payment you can Afford. In Order to find a suitable payment, you may need to reduce the Interest Rate and/or increase the Loan Period. Other adjustments are possible but always on a case by case basis and of course, your Lender/Servicing Agent has the final approval/rejection Authority.
ADJUSTED Payment Estimator
Input Fields
Adjusted PAYOFF of your loan
Adjusted Interest Rate
Adjusted Loan Period in Years (default is 30 - max 60)
Escrows
Adjusted Annual Insurance (combined)
Adjusted Annual Property Taxes (combined)
Adjusted Annual Association Dues (if any)
Adjusted MONTHLY PMI Premiums (if any)
Estimated Principal and Interest Payment
Estimated Monthly Escrow $ 
Estimated Modification Payment $