Bi-Weekly Mortgages; Setting Qualifying Ratios - Calculated Industries 3423 Pocket Reference Manual

Bi-Weekly Mortgages

• Mortgage:
• Term:
• Int:
Find Bi-Weekly term, savings, total cost
and Bi-Weekly payment:
STEPS
Clear
Enter Mortgage 2 1 2 5 0 0 l
Enter Term
Enter Interest
Find Payment
Find Bi-Weekly
Term
Find total interest
savings
Find total interest
paid
Find total
principal
Find total
payments
Find Bi-Weekly
Payment

Setting Qualifying Ratios

In Canadian Mode, GDS:TDS (Gross Debt
Service/Total Debt Service) ratios of 32%
and 40% are permanently stored in the
q key, and optional ratios of 35%-42%
in the Q key. However, you can enter
any ratios you desire. For example, enter
new qualifying ratios of 30% for GDS and
38% for TDS in q :
P
KEYSTROKES
o o
2 5 T
7 • 8 5 ˆ
p
s T
T
T
T
T
p
R
OCKET EFERENCE
$212,500
212,500.00
61,224.88
206,735.29
212,500.00
419,235.29
G — 20
UIDE
25 years
7.85%
DISPLAY
0.00
25.00
7.85
1,601.53
20.14
800.77