HAMP Modification Calculator

How To Use
The Home Affordable Modification Program (HAMP) calculator helps estimate the benefit you may receive by adjusting the terms of your existing first mortgage, if you are eligible. Most HAMP modifications will lower your monthly mortgage payment to 31% of your gross monthly income—the percentage used by our calculator.

The payment amount of a HAMP modification depends on a variety of factors, and your mortgage company may use different information to determine eligibility, so your individual results may vary from the results shown by this calculator.

If you are not eligible for HAMP and want to remain in your home, contact your mortgage company and ask about other available modification programs. Modification options exist for many different circumstances, even for homeowners who may have challenges documenting their income or providing other requested paperwork. These other modification programs may allow your payment to be adjusted to lower than 31% of your gross monthly income.

Your Existing Mortgage Information

This should include principal, interest, taxes, insurance and homeowner's association fees. This calculator is not intended for homeowners with 2 or more mortgages. If you have an escrow account set up on your first mortgage, these costs will be included in your monthly payment. If not, click here and fill in the information below.

Help

Your Income Information

If you are unsure of this amount, click here and fill in the information below.

Please Note:
These results were calculated based on the Home Affordable Modification Program (HAMP) and your inputs regarding your existing mortgage information. Your mortgage company may consider additional factors in determining HAMP eligibility and potential savings, which may result in a different payment amount.

Please save this information (as a PDF document) or email it to yourself, so that you may have it as a reference when you speak with your mortgage company or a housing counselor.

Every situation is different. Your mortgage company may use different information to determine eligibility and your individual results may vary from the results shown by this calculator. Contact your mortgage company to determine your exact results and determine if you qualify for this option.

Your HAMP Modification Information

Debt-to-Income Ratio 0.0%
Most HAMP Modifications Will Lower Your Mortgage Payment To 31% Of Your Gross Monthly Income 31%
Modified Mortgage Payment With HAMP Not Applicable. Since your DTI is less than 31%, you may not be eligible for HAMP and should contact your mortgage company to ask about other modification options.
Monthly Payment Reduction With HAMP Not Applicable. Contact your mortgage company to ask about other modification options.
You Could Potentially Save This Much Each Year On Your Payments with HAMP Not Applicable. Contact your mortgage company to ask about other modification options.

Send Calculation Results To Your Email

Print/Save Calculation Results To PDF

Print/Save PDF

BEWARE

SCAMS

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

FIND OUT MORE

FAQ

ANSWERS

Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

FIND OUT MORE

GLOSSARY

TERMS

Visit our glossary of key terms to increase your understanding of the foreclosure options available.

FIND OUT MORE