Texas Instruments BA Real Estate - Finding Qualifying Loan Amount Based on Tax and Insurance Amounts and down Payment Percent

Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
20
BA Real Estate™ Worksheet
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Finding Qualifying Loan Amount Based on
Tax and Insurance Amounts and Down Payment Percent
1. Clear TVM values (if not already cleared).
# -
2. Enter income percent (if not already entered).
# m
3. Enter debt percent (if not already entered).
# d
4. Enter annual tax amount.
5. Add annual insurance amount and enter total.*
a
j # E
6. Enter term of loan (in years).
0
7. Enter interest rate.
1
8. Start the qualification.
?
9. Enter monthly income amount (total).
j
10. Enter monthly debt amount (total).
j
11. Enter down payment percent (0 to 99).
12. Compute PITI.
j
13. Compute payment.
j
14. Compute qualifying loan amount.
j
15. Compute qualifying sales price.
j
16. Compute down payment amount.
j
*
The calculator uses the TAX&INS$ amount, ignoring the TAX% and INS% settings. TAX% and INS% are used only when
TAX&INS$ is zero.