RD 1944-B6 Deferred Payment Computation

Form RD 1944-B6
(Rev. 6-97)

FORM APPROVED
OMB NO. 0575-0172
Expiration Date:
mm/dd/yy

United States Department of Agriculture

DEFERRED PAYMENT
COMPUTATION
NOTE INSTALLMENT
AT 1% RATE ...............

$

NOTE INSTALLMENT..

$

REAL ESTATE TAX...........

$

REAL ESTATE TAX...........

$

PROPERTY
INSURANCE....................

$

PROPERTY
INSURANCE....................

$

TOTAL A ........................

$

TOTAL B ........................

$

ADJUSTED INCOME
X 20% ..............................

$

DEFERRED
MORTGAGE
REPAYMENT.......................

$

NOTE INSTALLMENT AT
1% RATE X 75%.................

$

DEFERRED MORTGAGE
PAYMENT AMOUNT
(Annual)................................

$

DEFERRED MORTGAGE
PAYMENT AMOUNT
(Monthly)................................

$

When Total A exceeds 20 percent of the Adjusted Family Income by more than $5 per month, the borrower may be
eligible for deferred mortgage payments. The deferred mortgage payment amount is determined by the greater of: (1)
20 percent of the adjusted income; and (2) the Note Installment at 1 percent rate multiplied by 75 percent.
When the borrower is no longer eligible for deferred mortgage payments, the Adjusted Income multiplied by 20 percent
and Total B of Form RD 1944-B6 will be completed. The borrower will begin repaying deferred mortgage payments
when 20 percent of the Adjusted Income exceeds Total B.
For a monthly payment borrower insert an installment of _______________________________ in the Interest Credit
Agreement. For an annual payment borrower insert an installment of ___________________________ in the Interest
Credit Agreement.
A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person be subject to a penalty for failure to comply with a
collection of information subject to the requirements of the Paperwork Reduction Act unless that collection of information displays a currently valid OMB Control Number. The OMB
Control Number for this information collection is 0575-0172. Public reporting for this collection of information is estimated to be approximately 15 minutes per response, including
the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, completing and reviewing the collection of information.
All responses to this collection of information are voluntary. However, in order to obtain or retain a benefit, the information in this form is required (cite authority).
Rural Development has no plans to publish information collected under the provisions of this program. Send comments regarding this burden estimate or any other aspect of this
collection of information, including suggestions for reducing this burden to: Information Collection Clearance Officer, Rural Development Innovation Center, Regulations
Management Division at [email protected]

Position 2

RD 1944-B6 (Rev. 6-97)