Fha Net Tangible Benefit
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1
2FHA Streamline Refinance
Net Tangible Benefit (NTB) Worksheet
Loan #__________________________Borrower Name:______________________________
Underwriter Name:______________________________ Date:________________________
Benefit Test 1: When Converting:
-Fixed to Fixed
-Hybrid Arm (during fixed period) to Fixed
-Fixed to Hybrid Arm
-Hybrid Arm (during fixed period) to Hybrid ARM
-Hybrid Arm (during adjustment period) to One-Year Arm
- One Year Arm to One-Year Arm
Current P&I Payment-1
Mtg
$______________
st
Current P&I Payment-2
Mtg
$______________
nd
Monthly MIP
$______________
Total Current Housing Expense:
$ (1a)______________
Proposed P&I Payment-1
Mtg
$______________
st
Proposed P&I Payment-2
Mtg
$______________
nd
Monthly MIP
$______________
Proposed Housing Expense
$ (1b)______________
% Difference in Monthly Payment (1a-1b)/1a x 100
___________________%(1c)
Benefit Test 2: When Converting:
-One-Year Arm to Fixed rate
-Hybrid Arm (during adjustment period) to Fixed
Interest Rate on Current loan
_____________% (2a)
Interest Rate on Proposed Loan
_____________% (2b)
Difference (2b-2a):
_____________% (2c)
Benefit Test 3: When Converting:
- Fixed rate to One-Year ARM
-One-Year Arm to Hybrid ARM
-Hybrid ARM (during fixed period) to One-Year Arm
-Hybrid ARM (during adjustable period) to Hybrid ARM
Interest Rate on Current loan
_____________% (3a)
Interest Rate on Proposed Loan
_____________% (3b)
Difference (2b-2a):
_____________% (3c)
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