Finding Qualifying Loan Amount Based On Tax And Insurance Percents And Down Payment Amount - Texas Instruments BA Real Estate Supplementary Manual

Finding Qualifying Loan Amount Based on
Tax and Insurance Percents and Down Payment Amount
1. Clear TVM values (if not already cleared).
2. Enter income percent (if not already entered).
3. Enter debt percent (if not already entered).
4. Enter tax percent (if not already entered).
5. Enter insurance percent (if not already entered).
6. Enter term of loan (in years).
7. Enter interest rate.
8. Start the qualification.
9. Enter monthly income amount (total).
10. Enter monthly debt amount (total).
11. Enter down payment amount (in dollars).*
12. Compute PITI.
13. Compute payment.
14. Compute qualifying loan amount.
15. Compute qualifying sales price.
16. Compute down payment amount.
*
The calculator accepts any number greater than 99 as a down payment dollar amount.
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BA Real Estate™ Worksheet
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