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
