calculation question

[delaysmom]

i am trying to calculate how they calculate your 31% for the HAMP program. My monthly gross income is $3548. my mortgage payment is $1313. Do they use the $1313 or do they use only principal and interest? that makes mine $1053. that is under the 31%.

Does anyone have any information or know where to find it on the internet to help calculate if i will be with/in the guidelines?

[Moe Bedard]

It would be everything including taxes etc. This is from the MHA website.
Making Home Affordable - Payment Reduction Estimator

Under the Home Affordable Modification program, the target maximum amount for your mortgage payment (or mortgage debt-to-income) should be 31% of your gross (pre-tax) monthly income. This Payment Reduction Estimator will determine what your current mortgage debt-to-income is and how much your monthly payment may be reduced if you qualify for a modification.

Do not include any payments on your second mortgage. You may have taxes and interest in escrow added to your monthly payment already, so be careful to count taxes and escrow only once.

Total Monthly Payment on Your Primary First Mortgage: is your total monthly payment including principal, interest, taxes, insurance and homeowner’s association dues or assessments. If you do not know this amount, use this calculator below:

Enter Monthly Principal and Interest on Your Primary Mortgage Only

Enter Your Monthly Homeowner's Insurance Cost and any Homeowner's Association
Dues or Assessments

Enter Monthly Taxes

This is Your Total Monthly Housing Payment