Calculated Industries 3420 Pocket Reference Guide User Manual
Page 28
P
OCKET
R
EFERENCE
G
UIDE
— 27
(Cont’d)
STEPS
KEYSTROKES
DISPLAY
Enter %Down
Payment
5 d
5.00
Display Qualifying
Ratios
q
32.00 – 40.00
Find “Restricted” or maximum
Qualifying Mortgage
Amount
q
154,769.36
Find actual
Ratios
q
32.00-35.46
Find “Unrestricted” Mortgage
Amount
q
177,974.93
Find maximum allowable
Debt
q
346.67
*Note: The word “DEBT” displayed on your cal-
culator tells you this Unrestricted Qualifying
Mortgage Amount is based on the buyer’s Debt
or TDS Ratio — therefore, the Restricted
Qualifying Mortgage Amount is based on the
buyer’s Income or GDS Ratio.
3420PRG-E-A 7/2/04 9:07 AM Page 27
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