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Calculated Industries 3420 Pocket Reference Guide User Manual

Page 29

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P

OCKET

R

EFERENCE

G

UIDE

— 28

Qualifying Comparison
(Two Ratios at Once)

• Buyer’s Income: $50,000
• Monthly Debt: $125
• Property Tax: 1.25%
• Monthly heating cost and condo

fees: $120

• Down Payment: 10%
• Term: 25 years
• Interest: 7.25%

Qualify this buyer based on both stored
32%:40% and 35%:42% ratios:

STEPS

KEYSTROKES

DISPLAY

Clear

o o

0.00

Enter Income

5 0 ) i

50,000.00

Enter Debt

1 2 5 D

125.00

Enter Tax%

1 • 2 5 t

1.25

Enter monthly

Expenses

1 2 0 e

120.00

Enter %Down

1 0 d

10.00

Enter Term

2 5 T

25.00

Enter Interest

7 • 2 5 ˆ

7.25

Display Qual 1

Ratios

q

32.00 – 40.00

(Cont’d)

3420PRG-E-A 7/2/04 9:07 AM Page 28