HAMP Calculator

HAMP Calculator

Monthly Gross Income:
Mortgage Payment (including ins. and taxes):
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HAMP Formula:

Current % of Gross = Mortgage Payment x 100 / Monthly Gross Income
New Payment = .31 x Monthly Gross Income
You Save = Monthly Gross Income - New Payment

HAMP Definition

Our HAMP calculator gives you a chance to figure your ability to take advantage of the federal Home Affordable Modification Program. This program can reduce your mortgage payments and afford foreclosure. Try this FREE financial calculator and become very knowledgeable when it comes to HAMP!

What is HAMP?

When first announced, HAMP seemed like a promising solution to the troubling American housing market. Initially projected to save millions of homes from foreclosure, HAMP has proved difficult for many homeowners to leverage. Still, more than a half million homeowners have benefited from the program, so you might have a chance to get help too.

Because every homeowner has a different situation, HAMP applications are denied for different reasons. However, those who have the best chance for approval are those whose net present value calculations fall within necessary guidelines.

Other factors influence the decision to qualify a homeowner for a loan modification. For example, how much equity is in a home and how much is owed on the mortgage are two values that affect the HAMP application process.

Totally free to use, this HAMP calculator helps homeowners determine if they meet U.S. Treasury for the HAMP program. By using this valuable tool, homeowners can help decide whether they should apply or if they need to find other ways to salvage their precarious situation.


The HAMP calculator requires just two pieces of information:

  1. The homeowner’s gross income.
  2. The homeowner’s mortgage payment, including taxes and insurance.

After typing in the values that apply to you, click the button to calculate your new payment and your savings.

When using the HAMP calculator, keep in mind these important notes:

  1. The accuracy of the results produced by your calculator depends on the accuracy of the information you type in. If you are unsure about either dollar value, take some time to check your records before using the calculator.
  2. The HAMP program compares the value of a home compared to the outstanding mortgage value when assessing whether you qualify for a loan modification.
  3. Other factors may influence HAMP decisions. Meet with a financial professional for guidance if your results suggest you won’t qualify for HAMP.

The HAMP calculator is intended to produce estimated results. Actual HAMP applications can be approved or denied regardless of the results provided here. As a general rule, you don’t know whether you will receive HAMP approval until you ask for it, so apply today. Financial professionals can help you if you think you need help applying for HAMP.

How to Calculate HAMP

Let's be honest - sometimes the best hamp calculator is the one that is easy to use and doesn't require us to even know what the hamp formula is in the first place! But if you want to know the exact formula for calculating hamp then please check out the "Formula" box above.

Add a Free HAMP Calculator Widget to Your Site!

You can get a free online hamp calculator for your website and you don't even have to download the hamp calculator - you can just copy and paste! The hamp calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the "Customize" button above to learn more!