Finding Maximum Allowable Debt - Texas Instruments BA Real Estate Supplementary Manual

Finding Maximum Allowable Debt

1. Enter income percent (if not already entered).
2. Enter debt percent (if not already entered).
3. Enter tax percent (if not already entered).
4. Enter insurance percent (if not already
entered).
5. Enter term of loan (in years).
6. Enter interest rate.
7. Start the qualification.
8. Enter price.
9. Enter down payment percent (0 to 99).
10. Enter a zero for monthly debt amount (total).
11. Compute qualifying loan amount.
12. Compute payment.
13. Compute PITI and store it.
14. Compute qualifying income.
15. Multiply by debt ratio.
16. Calculate maximum debt.
Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
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BA Real Estate™ Worksheet
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