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BEAR-CH0.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:17 PM Printed: 09/28/99 1:20 PM
Page 13 of 10
10. Enter monthly debt amount.
Press 580
j
.
DBT= 580.00
DN%=
11. Enter down payment percent
and compute PITI.
Press 20
j
.
DN%= 20.00
PITI=
-
1,652.00
12. Compute loan payment.
Press
j
.
PMT=
-
1,272.77
13. Compute loan amount.
Press
j
.
QLA= 182,028.97
14. Compute sales price.
Press
j
.
QPR= 227,536.21
15. Compute down payment
amount.
Press
j
.
DN$ = 45,507.24
The buyer should consider a maximum sales price of $227,536.21 and a
maximum loan of $182,028.97.
Note: The income rate
m
and the debt rate
d
will remain in the
calculator until you change them or remove the batteries. Turning the
calculator off does not clear this information.
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