CheckMyNPV.com is a free tool provided by the United States
Department of the Treasury, and the Department of Housing and Urban
Development in conjunction with the Obama Administration's
Home Affordable Program.
CheckMyNPV.com is designed to assist homeowners in conducting a net
present value (NPV) evaluation of their mortgage for the Home
Affordable Modification Program (HAMP).
more information about NPV?
CheckMyNPV.com can be used by homeowners who have been denied a
HAMP modification because of their NPV result. Homeowners can enter
the NPV input values listed in the HAMP Non-Approval Notice received from their
mortgage servicer, or substitute with estimated NPV input values,
to compare the outcome provided by CheckMyNPV.com against that on
the Non-Approval Notice.
This tool can also be used by homeowners prior to applying
for a HAMP modification to help them better understand the NPV
CheckMyNPV.com provides only an estimate of a mortgage
servicer’s NPV evaluation. While the NPV formula used on
CheckMyNPV.com is required to be the same as that of your mortgage
servicer’s, differences in input data and other industry-related
data may result in different outputs. After using CheckMyNPV.com,
it is recommended that you save a copy of the evaluation and share
it with your mortgage servicer to discuss options available to you.
Looking for the detailed explanation of the NPV methodology and
model including all formulas and variables? Download
the Official Net Present Value "Whitepaper" for more information.
Before you begin, you will need: