Resource Center

3.2. Income Calculator

Gross Monthly Income Calculations

If you are paid Hourly:

$
Pay Before Deductions

x

Total Hours Worked Per Week

x 52 Weeks / 12 Months =

$
Gross Monthly Income

If you are paid Weekly:

$
Pay Before Deductions

x 52 Weeks / 12 Months =

$
Gross Monthly Income

If you are paid Bi-Weekly:

$
Pay Before Deductions

x 26 Weeks / 12 Months =

$
Gross Monthly Income

If you are paid Twice a Month:

$
Pay Before Deductions

x 24 Weeks / 12 Months =

$
Gross Monthly Income

If you are paid Monthly:

$
Pay Before Deductions

=

$
Gross Monthly Income

If you are NOT paid regularly:

$
Income from last year’s tax return before deductions

/12 Months =

$
Gross Monthly Income

Other gross monthly income:

$
Add any additional gross monthly income for all borrowers for part-time job, pensions, retirement, etc.

=

$
Gross Monthly Income

Total Gross Monthly Income:

$