Qualifying Mortgage Amount - Calculated Industries 3423 Pocket Reference Manual

STEPS
Clear
Set Ratios

Qualifying Mortgage Amount

• Buyer's Income:
• Monthly Debt:
• Down Payment:
• Property Tax:
• Monthly heating exp:
• Term:
• Interest:
• GDS/TDS Ratios:
Find qualifying mortgage amount, price
and total payment:
STEPS
Clear
Enter Income
Enter Debt
Enter %Down
Set Tax%
Enter heating
expense
Enter Term
Enter Interest
Enter Ratios
Find maximum qualifying
Mortgage
Find Price
P&I Payment
Total Payment p
P
KEYSTROKES
o o
3 0 : 3 8 q
KEYSTROKES
o o
4 5 ) i 45,000.00
2 5 0 D
2 5 d
1 • 5 t
1 0 0 s D 100.00
2 5 T
7 • 2 5 ˆ
3 2 : 4 0 q
q
P
p
R
OCKET EFERENCE
30.00-38.00
32% – 40%
32.00 – 40.00
124,633.84
166,178.45
G — 21
UIDE
DISPLAY
0.00
$45,000
$250
25%
1.5%
$100
25 years
7.25%
DISPLAY
0.00
250.00
25.00
1.50
25.00
7.25
892.28
1,200.00