Finding Qualifying Loan Amount Based on
Tax and Insurance Amounts and Down Payment Percent
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 annual tax amount.
5.
Add annual insurance amount and enter total.*
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 percent (0 to 99).
12.
Compute PITI.
13.
Compute payment.
14.
Compute qualifying loan amount.
15.
Compute qualifying sales price.
16.
Compute down payment amount.
*
The calculator uses the TAX&INS$ amount, ignoring the TAX% and INS% settings. TAX% and INS% are used only when
TAX&INS$ is zero.
Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
Texas Instruments grants permission to reproduce this page for limited office use with clients. All other rights reserved.
20
BA Real Estate™ Worksheet