Calculated Industries 3126 - Manual (Page 11)

4. Finds the Actual GDSR:TDSR Ratio
based on loan amount, income and
other entered values.
[Qual 2]
Stores additional (i.e., Government
FHA/VA) GDSR and TDSR ratios and
operates same as the
[Qual 1] key.
Default GDSR and TDSR ratios for this
key are 29% and 41%, respectively.
[Inc]
Income: Enters the annual income for
loan qualifying.
[Debt]
Debt: Enters long-term monthly debt pay-
ments.
[Exp]
Expense: Enters monthly housing expenses
(i.e., monthly heating expense, homeowners’
association dues, maintenance and utilities).
[Mtg Ins]
Mortgage Insurance: Stores and recalls
annual mortgage insurance (i.e., Private
Mortgage Insurance) in either percent or
dollar amount. If entered as a dollar
amount, a second press converts to
annual percentage rate. If entered as a
percentage, a second press shows the
equivalent annual dollar amount. The
number 10 or less is assumed to be an
annual percentage. Computed from the
loan amount.
Note: The calculator will
remember the value as it was entered (i.e., a
percent or dollar value.)
User’s Guide — 11