Calculated Industries QUALIFIER PLUS IIx Guia do Utilizador descarregar pdf (Página 54)

SER

’

UIDE

— 53

Solving for Actual Qualifying Ratios

A buyer who makes $60,000 per year and has $350 in long-term

monthly debt wants to borrow $100,000 to purchase a home. He has

$55,000 down payment and annual property tax is estimated at

1.4%. Monthly housing expenses are estimated at $150. Use 7.5%

interest for 25 years. What are his actual ratios? What is the price of

the home he can afford? What is the monthly payment?

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Interest 7 • 5 ˆ 7.50

Enter Term 2 5 T 25.00

Enter Mortgage Amount 1 0 0 ) l 100,000.00

Enter annual Income 6 0 ) i 60,000.00

Enter monthly Debt 3 5 0 D 350.00

Enter Down Payment 5 5 ) d 55,000.00

Enter property Tax rate 1 • 4 t 1.40

Enter mo. housing Expense 1 5 0 e 150.00

Display stored Ratios q 32.00-40.00

Calculate actual Ratios q “run” 21.25-28.25

Find sales Price P 155,000.00

Find P&I Payment p 731.55

Find total/PITH Payment p p 1,062.39

3420UG-E-A 7/2/04 9:06 AM Page 53

1 2 ... 49 50 51 52 53 54 55 56 57 58 59 ... 83 84

Sem comentários

Calculated Industries QUALIFIER PLUS IIx Guia do Utilizador Página 54