Setting Qualifying Ratios; Qualifying Loan Amount; Clear O O - Calculated Industries 3430 Pocket Reference Manual

Setting Qualifying Ratios

Enter new qualifying ratios of 30% for
Income and 38% for Debt in q:
STEPS
Clear
Enter qualifying
ratios
Return ratios
to defaults

Qualifying Loan Amount

• Buyer's income: $75,000
• Monthly debt: $500
• Down$: $5,000
• Property taxes: 1.5%
• Property insurance: 0.25%
• Mortgage insurance: 0.6%
• Monthly association dues: $50
• Term: 30 years
• Interest: 7.5%
• Qualifying ratios: 28%: 36%
P
KEYSTROKES
o o
3 0 : 3 8 q
2 8 : 3 6 q
R
OCKET EFERENCE
30.00-38.00
28.00-36.00
G — 23
UIDE
DISPLAY
0.00
(Cont'd)