Section 160.APPENDIX B Mortgage Ratio Worksheet

Part I

LOAN-TO-VALUE RATIO

1. Mortgage Amount(s)	$

2. Appraised Value	$

3. Line 1 divided by Line 2

Note: This is the Percentage of the purchase price appraised value of your home that will be allocated to your total mortgage. A percentage rate over 80% may result in you incurring additional costs.

Part II

INCOME RATIO

MONTHLY HOUSING EXPENSES:

1.	Principal and Interest Payment	$
2.	Homeowner's Insurance
3.	Real Estate Tax
4.	Mortgage Insurance Premium
5.	Homeowner's Assoc. Fee
6.	Ground Rents
7.	Payments on Existing or Proposed 2^nd Mortgage
8.	Total Housing Expense (Add Lines 1 through 7)	$
9.	Gross Salary	$
10	Dividends/Interest
11.	Social Security/Pension
12.	Alimony/Child Support
13.	Other
14.	Total Gross Income		$
15.	Divide Line 8 by Line 14
Note: This is the percentage of your gross monthly income that will be allocated to your mortgage expenses.

Part III

LONG-TERM DEBT RATIO

MONTHLY EXPENSES:

1.	Total Housing Expenses (Part II, Line 8)	$
2.	Credit Cards
3.	Car Payments
4.	Loans (Not Included on Line 1 or Line 3)
5.	Alimony/Child Support
6.	Total Expenses (Lines 1 through 5)		$

MONTHLY INCOME:

7.	Total Gross Income
	(Part II, Line 14)	$
8.	Divided Line 6 by Line 7
Note: This is the percentage of your gross monthly income that will be allocated to your mortgage expenses and other debt that you pay on a monthly basis.

Borrower's Signature

(Source: Added at 25 Ill. Reg. 6261, effective May 17, 2001)