Calculated Industries 3423 - Manual (Page 4)

Setting Qualifying Ratios ....................20
Qualifying Mortgage Amount ..............21
“Restricted” Qualifying ........................22
“Unrestricted” Qualifying ....................23
Qualifying Comparison (Two Ratios
at Once) ..........................................24
Finding Income Required and
Allowable Monthly Debt ..................25
Cash Flow ..........................................26
EXAMPLES — U.S. MODE ....................28
Monthly Loan Payment ......................28
Interest-Only Payment (Entry) ............28
Setting Tax and Insurance ..................29
PITI Payment and Interest-Only
Payment ..........................................30
Qualifying Loan Amount ......................31
Interest-Only Qualifying Loan Amount ..32
APR and Total Finance Charges,
Including Mortgage Insurance ........33
APPENDIX ..............................................34
Default Settings ..................................34
Repair and Return ..............................35
Warranty ..............................................36
FCC Class B ......................................37
Looking For New Ideas ......................37