P
OCKET REFERENCE GUIDE — 24
(Cont’d)
Find the Qualifying Loan Amount, Price
and Total Payment:
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter income 7 5 ) i 75,000.00
Enter debt 5 0 0 D 500.00
Enter down$ 5 ) d 5,000.00
Enter tax% 1 • 5 s 7 1.50
Enter ins.% • 2 5 s 8 0.25
Enter MI% • 6 s 9 0.60
Enter association
dues 5 0 e 50.00
Enter interest 7 • 5 ˆ 7.50
Enter term 3 0 T 30.00
Display ratios q 28.00 - 36.00
Find qualifying loan
amount q 189,119.31
Find price P 194,119.31
—DO NOT CLEAR CALCULATOR —
Find the monthly P&I payment and total
payment:
STEPS KEYSTROKES DISPLAY
P&I payment p 1,322.35
PITI payment p 1,700.00
Total payment p 1,750.00
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