Tangible Net Benefit Worksheet Template - Arizona Department Of Housing
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1
2TANGIBLE NET BENEFIT WORKSHEET
Please fill out and email back to Arizona Department of Housing.
The following worksheet must be used in the determination of a borrower’s tangible net benefit as the benefit relates directly
to the new loan extended. Additional information may be provided on supplemental sheets or on the reverse if the fields below
are insufficient.
If Loan Amount of previous loan is unknown, you may substitute with the Loan Payoff as long as it is clearly identified as
such.
1.
Lender Information -
.
Please Print
Lender/originating new loan: __________________________________________________
Loan Originator/Processor: __________________________________________________
Lender/Email and Phone:
__________________________________________________
2.
Borrower Information –
.
Please Print
Borrower Name
: _________________________________________________________
(1)
Borrower Name
: _________________________________________________________
(2)
Property Address: ___________________________________________________
City, State, Zip:
___________________________________________________
Email and phone: ___________________________________________________
3.
LOAN INFORMATION
.
PROPOSED NEW LOAN
EXISTING LOAN
Loan Date:
Loan Amount:
$
$
Loan Number:
Loan Term
(months)
Prepayment Penalty
Yes
Yes
No
No
Payment Amount (
)
$
$
P&I
P&I
P&I
MI or MIP
$
N/A
$
N/A
If applicable
Interest Rate
%
%
Lock Expiration Date
*
N/A
Type of Loan
Fixed Rate
Fixed Rate
(Check One)
Adjustable Rate
**
Adjustable Rate
Balloon
**
Balloon
Interest Only
**
Interest Only
Payment Option Products
**
Payment Option Products
Cost of New Loan, Points & Fees. $
Loan to Value
(if applicable)
Debt to Income Level
(if applicable)
Loan Purpose:
Must be specific and relate to distribution of loan proceeds.
*
Subordination Agreement will not be released for recording until the rate is locked.
**
Program requirements may not allow
Page 1 of 2
TNBW rev 01/15/2016
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