Calculated Industries 3423 - Manual (Page 29)

Display Qual 1
Ratios q 32.00 – 40.00
Find Qual 1 maximum Qualifying
Mortgage q 145,893.06
Find Qual 1 P&I
Payment p 1,044.48
Find Qual 1 PITH
Payment p 1,333.33
— DO NOT CLEAR CALCULATOR —
STEPS KEYSTROKES DISPLAY
Display Qual 2
Ratios Q 35.00 – 42.00
Find Qual 2 maximum Qualifying
Mortgage Q 160,923.25
Find Qual 2 P&I
Payment p 1,152.08
Find Qual 2 Total
Payment p 1,458.33
Finding Income Required and Allowable
Monthly Debt
• Sales Price: $225,000
• Down%: 35%
• Property Tax: 1.5%
• Heating Expense: $125
• Term: 25 years
• Interest: 7.5%
Find the income required to finance a
$225,000 home and also find the maximum
allowable debt.
(Cont’d)
P
OCKET
R
EFERENCE
G
UIDE
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