Build a transition fact file
Compare entered equity scenarios
Removing a person’s name from a home title does not, by itself, remove that person’s name or responsibility from the mortgage.
Source: research/divorce-and-mortgage.md · Primary sourceThis tool performs arithmetic on the values you enter. It does not quote a rate, determine eligibility, predict approval, or create an offer of credit.
Source: APPROVED-COMPLIANCE.txtInteractive scenario
Compare entered equity scenarios
Equity position arithmetic
Entered-value arithmetic
This tool performs arithmetic on the values you enter. It does not quote a rate, determine eligibility, predict approval, or create an offer of credit.
Buyout scenario arithmetic
Entered-share arithmetic
This tool performs arithmetic on the values you enter. It does not quote a rate, determine eligibility, predict approval, or create an offer of credit.
Retain versus sell arithmetic
Side-by-side entered scenarios
This tool performs arithmetic on the values you enter. It does not quote a rate, determine eligibility, predict approval, or create an offer of credit.
Refinance-to-buyout DTI screen
Entered DTI threshold comparison
This tool performs arithmetic on the values you enter. It does not quote a rate, determine eligibility, predict approval, or create an offer of credit.
What the calculator reports
- Property value minus entered lien balances and entered estimated transaction costs
- Only the entered ownership share and its dollar amount
- Retain monthly housing cost and cash after entered one-time costs
- Sell-scenario monthly housing cost and estimated sale cash after liens and entered transaction costs
- Computed front-end and back-end DTI ratios beside the thresholds you entered, without an eligibility verdict
- Target loan amount as a percentage of entered annual gross income
Questions to take with the results
- Bring the entered share and the decree, settlement, deed, and appraisal to a matrimonial attorney and appraiser; ask which ownership or valuation assumptions need correction before anyone relies on the arithmetic.
- Bring the retain and sell inputs to a tax professional, title or closing professional, and real estate professional; ask which taxes, liens, costs, and cash items belong in each scenario.
- Bring the DTI comparison, proposed payment source, income records, and debt records to the lender or underwriter; ask which payment and debt amounts apply to the specific loan program and application.
This information is educational and is not legal, tax, or financial advice. Consult a licensed attorney or tax professional about your situation.
Source: APPROVED-COMPLIANCE.txtContinue
Choose the guide that matches the open question.
Next step
Build a transition fact file
Start with the record organizer, keep entered facts separate from assumptions, and route each unresolved question to the appropriate professional.
Open the transition mapSeparate mortgage application