NACA's Monthly Payment Estimator

NACA's Monthly Payment Estimator

The estimated payment provided is for informational purposes only and should be used as a general guide to aid in your decision-making process. You must verify the payment with the NACA counselor to ensure accuracy and develop a plan to achieve the desired payment.
The following factors limit NACA's Mortgage Payments: member's income level, rent, budget, payment shock savings, and housing ratio or debt-to-income ratio.
NACA approved monthly payment*
Input NACA's monthly approved payment listed in the qualification form
Current rent payment
NACA uses your affordable rent as the baseline to determine your affordable monthly mortgage payment because it reflects your current balance between housing and other needs.
Payment Shock Savings*
Housing ratio or Debt-to-income ratio's monthly payment

The affordable monthly payment for a Member is determined by their housing ratio and debt ratio in relation to their personal finances. These limits apply even if the affordable rent and payment shock savings support a higher payment. The maximum payment for NACA Qualification is based on the lesser of the 33% of housing ratio payment and 40% debt ratio payment.
Monthly gross income
Input monthly gross income listed in the qualification form.
Monthly debt payment
Input monthly debt payment listed in the qualification form.
Housing ratio monthly payment
NACA's Housing Ratios cannot exceed 33%
Debt ratio monthly payment
NACA's Debt Ratios cannot exceed 40%
IMPORTANT If the maximum payment determined by the housing ratio or debt-to-income ratio listed below exceeds the NACA's approved monthly payment, the member may qualify for a higher payment based on their reserves and payment shock savings listed under the payment shock section of this form. Please check with the NACA Counselor to determine if an increase may be approved.
NACA's maximum mortgage payment determined by the lesser housing ratio or debt-to-income ratio.
Even if your affordable rent and Payment Shock Savings support a higher payment, you cannot exceed the listed payment.
Payment Shock Savings based on NACA approved monthly payment
Document Payment Shock Savings Pattern for 3 to 6 months.
Payment Shock Savings Pattern
To qualify for the maximum mortgage payment determined by housing ratio or debt-to-income ratio, the member must document a payment shock savings pattern for three to six months. It's the difference between the current housing payment (i.e., rent) and desired maximum mortgage payment.
Monthly payment shock savings required to absorb payment increase based on housing ratio or debt-to-income ratio
Document Payment Shock Savings Pattern for 3 to 6 months.
Total required reserves
PSS exception reserves must be seasoned for six months
Should be Empty:

NACA's Monthly Payment Estimator

Housing ratio or Debt-to-income ratio's monthly payment

Payment Shock Savings Pattern