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Qualifying Loan Amount
• Buyer's Income: $100,000
• Monthly Debt: $550
• Down Payment: 25%
• Property Tax: 1.5%
• Property Insurance: 0.25%
• Mortgage Insurance (not required): 0
• Term: 30 years
• Interest: 6.25%
• Qualifying Ratios: 28% – 36%
Find qualifying loan, price and payment:
STEPS
Clear
Enter Income 1 0 0 ) i
Enter Debt
Enter %Down 2 5 d
Set Tax%
Set Ins.%
Set MI%
Enter Term
Enter Interest 6 • 2 5 ˆ
Enter Ratios
Find maximum qualifying
Amount
Find Price
PITI Payment p p
P
KEYSTROKES
o o
5 5 0 D
1 • 5 t
• 2 5 I
0 Â
3 0 T
2 8 : 3 6 q
q
P
R
OCKET
EFERENCE
100,000.00
28.00 – 36.00
288,008.37
384,011.16
G
— 34
UIDE
DISPLAY
0.00
250.00
25.00
1.50
0.25
0.00
30.00
6.25
2,333.33
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