ASSETS Worksheet^top

List all funds available for you to use for closing costs and a down payment on a home purchase. You will need to provide copies of recent statements at application.

Location	Primary Borrower	Co-Borrower	Total for Borrowers
Checking Accounts	$	$	$
Savings Accounts	$	$	$
Retirement Funds, 401k and IRA	$	$	$
Stocks, Bonds, and Other Investments	$	$	$
Life Insurance Cash Value	$	$	$
Gift From Relative	$	$	$
Equity in Current Home	$	$	$
Other	$	$	$
	$	$	$
	$	$	$
Total Assets Available	$	$	$

Once you know how much cash you have available, you should then determine how much of it you really want to use to purchase a home. Consider tax consequences before you liquidate things like stocks, bonds, etc. as it might be more beneficial to borrow more money than to sell these items.

If you are currently a home owner, you can calculate the equity in your current home by simply subtracting your current mortgage amount from the sales price or estimated value of the home.