Kentucky Housing Corporation

KHC HOME FAMILY/HOME SPECIAL and New Construction Calculator


Monthly Income:
Monthly Debt Payments:
  Borrower's Monthly Income: $     Car Loans: $
  Co-borrower's Monthly Income: $     Student Loans: $
  Other Monthly Income: $     Credit Cards: $
        Other Debt: $
  Total Monthly Income: $     Total Monthly Debt Payments: $
 
Household Characteristics:
  Single parent with dependent under age 18? Yes
  Two parents with dependent under age 18? Yes
  One of homebuyers is age 62 or older? Yes
  Disabled household member? Yes
  Number of people to live in household?  
 
Property Information: Loan Information:
  County:   Interest Rate:

 

KHC New Construction Program HOME Program:
New Homes Only Existing Homes Only
   
   Calculated Mortgage Amount  $
   Maximum Purchase Price  $
   Estimated Mortgage Payment
  (P&I Only) 		 $
  Maximum
Purchase Price 		Minimum
Purchase Price 		 
1% Loan $0 $1  
2% Loan $0 $1  
3% Loan $0 $1  
4% Loan $0 $1  
5% Loan $0 $1  
6% Loan $0 $0  

Calculations based upon monthly estimated P&I payment of $ and monthly estimated escrow payment of $.
 

A lower sales price will leave funds to help with closing costs. Remember, assistance can not exceed $. Above calculation assumes estimated monthly escrow of $.
 
 
Calculation Details:
29% limit $
41% limit $
Lower Ratio to be used $
Less estimated escrow $
Principal and interest payment $
Qualified Amount
(based on KHC's regular rates) 		$

All mortgage loans must also meet the appropriate underwriting and credit criteria of Kentucky Housing Corporation.
Both programs require the borrower to borrow obtain the greatest possible mortgage based upon ratios of 29% and 41%.
Kentucky Housing Corporation is an Equal Opportunity Lender.