Quick Start Guide

32
BA35ENG.DOC BA-35 Solar Quick Reference Guide
Pat Hatcher Revised: 05/08/00 1:13 PM Printed:
05/08/00 1:13 PM Page 32 of 38
Common Keystroke Sequences
(Cont.)
Loan Amount a Buyer Can Afford
Purpose: To find the maximum loan amount
and selling price a prospective home buyer can
afford, assuming that:
§
The buyer will pay a given percentage of the
selling price as a down payment.
§
An estimated percentage is added to the
monthly payment for taxes and insurance.
§
The total monthly payment (principal,
interest, taxes, and insurance) is not to
exceed a predetermined percentage limit of
the buyer's gross monthly income.
Values You Supply:
§
annual interest
rate
§
number of
years
in mortgage
§
buyer's gross monthly
income
§
percent limit
(of gross monthly income)
§
percent taxes and Insurance
(of total
monthly payment)
§
percent down
(of selling price)
Procedure Key Sequence
Clear calculator and
mode re
g
isters; select
t
wo decimal places.
- -
0 b
0 c
2
Press
2
until
FIN
is
d
isplayed.
2
(continued)