Clayton Test
Test Page
NMLS# 123456789
Licensed in UT
Las Vegas, NV
2560 E. Sunset Road #121
Las Vegas, NV
Test Test Tes
For Real Estate Partners
How to a Make Your New Effective Rate Even Lower
Quoted Rate on New Home
6.750%
Effective Rate After Rental Offset
0.000%
Rate Reduction
−0.000%
Net rental cash flow: $0/mo
1
Departing Residence
The home becoming a rental
$
$
%
$
$
$
$
Property condition — sets maintenance reserve
Average — typical reserves needed
%
%
%
2
New Purchase
The home they're buying
$
$
%
$
$
$
How the Math Works
Rental surplus reduces the P&I burden on the new loan — we solve for the rate that produces the lower payment.
Rental Income (Real Cash Flow)
Market rent$0
− Vacancy (5%)$0
− Maintenance (8%)$0
− Management (0%)$0
− Old PITI$0
Net to borrower$0
Offsets
P&I drops from$0 → $0
New Loan — Effective
Loan amount$0
Term30 yr
Offset P&I$0
Quoted rate0%
Effective rate0%
Qualifying Income Note
Agency guidelines typically credit 75% of market rent ($0) against the departing PITI for DTI. That produces a qualifying contribution of $0/mo. The cash-flow math above uses real-world expenses, which is what the borrower actually feels in their checking account.
Why Deferred Maintenance Matters
A pristine 5-year-old build with HOA-handled exterior carries a different reserve than a 1970s home with an original roof. Toggle the condition preset to show clients an honest picture — landlord reality, not a brochure.
Educational illustration only. This tool is provided for general educational purposes and does not constitute a loan approval, rate quote, commitment to lend, or offer of credit. Actual qualifying income from a departing residence is subject to Fannie Mae, Freddie Mac, FHA, VA, or USDA guidelines and full underwriting review. Effective rate shown is a conceptual illustration of how rental cash flow may offset housing expense — it is not an APR, interest rate, or note rate. All loan terms, including interest rate and APR, are subject to credit approval, market conditions, and program eligibility. Equal Housing Opportunity.
Matthew Barrett · NMLS #258528 · Intercap Lending NMLS #190465