Calculated Industries 3416 User Guide - Manual (Page 5)

Finding Qualifying Loan Amount and Sales Price (Simple
Example Excluding Tax/Insurance).........................................54
Qualifying Loan Amount and Sales Price (Complete Example
Including Down Payment, Tax/Insurance, Monthly Association
Dues) ......................................................................................55
“Restricted” Qualifying ...............................................................56
“Unrestricted” Qualifying ............................................................56
Qualifying Comparison (Comparing 2 Different Loans or Ratios
at Once) ..................................................................................57
Qualifying Loan Amount (Interest-Only Loan)............................58
Finding Income Required and Allowable Monthly Debt .............59
Solving for Actual Qualifying Ratios...........................................60
1ST AND 2ND TRUST DEEDS (COMBO LOANS) .....................61
Combo Loan (80:10:10) vs. Fixed-Rate Loan with Mortgage
Insurance ................................................................................62
Combo Loan (Int-Only 2nd) vs. Fixed-Rate Loan with Mortgage
Insurance ................................................................................64
Combo Loan — Entering a New LTV ........................................66
Financed Mortgage Insurance Compared to a Combo Loan ....68
APPENDIX .......................................................................................70
Default Settings..........................................................................70
Reset..........................................................................................70
Error Codes................................................................................70
Auto Shut-Off .............................................................................71
Batteries .....................................................................................71
Repair and Return......................................................................71
Warranty.....................................................................................72
Legal Notes ................................................................................73
Looking For New Ideas ..............................................................73
INDEX .............................................................................................73