Finding Qualifying Income Based On Tax And Insurance Amounts And Down Payment Percent - Texas Instruments BA Real Estate Supplementary Manual

Finding Qualifying Income 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 price.
10. Enter down payment percent (0 to 99).
11. Enter monthly debt amount (total).
12. Compute qualifying loan amount.
13. Compute payment.
14. Compute PITI.
15. Compute qualifying income.
* The calculator uses the TAX&INS$ amount, ignoring the TAX% and INS% settings. TAX% and INS% are used only when
TAX&INS$ is zero.
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BA Real Estate™ Worksheet
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