Section 1075

Section 1075.APPENDIX B Mortgage Ratio Worksheet

Part I

LOAN-TO-VALUE-RATIO

1.	Mortgage Amounts	$

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.

Borrower's Signature

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)		$

MONTHLY GROSS INCOME:

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 EPXNESES:

1.	Total Housing Expense (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. 6197, effective May 17, 2001)