Calculated Industries QUALIFIER PLUS IIx Guia do Utilizador descarregar pdf (Página 32)

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Finding Mortgage Amount Based on Sales Price and

Down Payment

Find both the down payment dollar amount and mortgage amount if

the sales price is $175,800 and you're planning to put 10% down.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter sales Price 1 7 5 8 0 0 P 175,800.00

Enter Down Payment % 1 0 d 10.00

Find Down Payment $ d 17,580.00

Find Mortgage Amount l 158,220.00

Finding Sales Price and Payment Based on Loan Amount and

Down Payment

Find a home’s sales price if you've been approved for a $185,650,

25-year, 6.85% mortgage and you plan to put 15% down. Also find

your monthly payment.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Mortgage Amount 1 8 5 6 5 0 l 185,650.00

Enter Term 2 5 T 25.00

Enter Interest 6 • 8 5 ˆ 6.85

Enter Down Payment % 1 5 d 15.00

Find Down Payment $ d 32,761.76

Find sales Price P 218,411.76

Find monthly P&I Payment p “run” 1,283.17

Finding Loan-to-Value (LTV) Based on Down Payment and

Sales Price

Find the Loan-to-Value if a buyer is putting $15,000 down on a

$197,000 home. Then find the mortgage amount.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter sales Price 1 9 7 ) P 197,000.00

Enter Down Payment $ 1 5 ) d 15,000.00

Find Down Payment % d 7.61

Find LTV d 92.39

Find Mortgage Amount l 182,000.00

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Calculated Industries QUALIFIER PLUS IIx Guia do Utilizador Página 32