CDS Grant Calculator
Please answer all
Bold Questions
below.
How much is the home worth?
1
What is the seller's bottom line?
2
Equity Transfer *
3
What is the loan to value?
80 %
81 %
82 %
83 %
84 %
85 %
86 %
87 %
88 %
89 %
90 %
91 %
92 %
93 %
94 %
95 %
96 %
97 %
98 %
99 %
100 %
4
Estimated Loan Amount:
5
Down Payment Amount:
6
What are the estimated Closing Costs?
7
CDS Gift Amount:
8
Administrative & Educational Costs:
9
Donation Needed:
10
Available Proceeds:
11
Final Calculation:
12
Note:
If line 12 (final calculation) is a positive number, it is the amount that must be paid to homebuyer from escrow; it represents an overage in the CDS gift.
If line 12 (final calculation) is a negative number, the buyer will need additional down payment funds, in this amount, to meet the Seller's required bottom line.
*Equity Transfer is the difference between full market value and what the buyer is paying for the house.
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