Solving for Actual Qualifying Ratios — Given
Both Borrower & Property Data
A buyer with an annual income of
$85,000 has $1,000 in long–term month-
ly debts. He wants to borrow $150,000 to
purchase a home. Estimating an addi-
tional $300 per month for other housing
expenses, what will this borrower’s
ratios be? (Use 10% interest for 30 years.)
Steps/Keystrokes
Display
1. Clear calculator:
[On/C] [On/C]
0.00
2. Enter interest, term, loan amount and
annual income:
10 [Int]
10.00
30 [Term]
30.00
150,000 [L/A]
150,000.00
85,000 [Inc]
85,000.00
3. Enter monthly debts and expenses:
1,000 [Debt]
1,000.00
300 [Exp]
300.00
4. Display stored ratios then calculate
actual ratios:
[Qual 1]
28.00 – 36.00
[Qual 1]
“run”
22.82 – 36.94
Note:
Subsequent presses of the
[Qual
1]
key will toggle between your stored
ratios and the calculated ratios.
58 — Real Estate Master
®
IIx/Qualifier Plus
®
IIx
