real estate finance - full book (500 pgs)

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Unformatted text preview: Example Using figures from above: $1085 Total allowable housing expense Divide by $3500 Gross income = 31% Front–end ratio This 31% exceeds our 29% guideline. With “compensating factors” this may still be acceptable to FHA. Dynasty School (www.dynastySchool.com) 13-27 REAL ESTATE FINANCE Figure 13-2: Principal & Interest factors, 15 and 30 years Interest Rate 4.000 4.125 4.250 4.375 4.500 4.625 4.750 4.875 5.000 5.125 5.250 5£75 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6£75 7.000 7.125 7.250 7.375 7.500 7.625 7.750 7.875 8.000 8.125 8.250 8.375 13-28 15–year P&I factor 7.396879 7.459676 7.522784 7.586204 7.649933 7.713972 7.778320 7.842974 7.907937 7.973204 8.038777 8.104655 8.170835 8.237317 8.304101 8.371185 8.438568 8.506250 8.574229 8.642504 8.711074 8.779938 8.849095 8.918543 8.988283 9.058312 9.128629 9.199233 9.270124 9.341299 9.412758 9A84499 9.556521 9.628823 9.701404 9.774262 30–year P&I factor 4.774153 4.846497 4.919399 4.992853 5.066853 5.141395 5.216474 5.292082 5.368216 5.444870 5.444870 5.599713 5.677890 5.756564 5.835729 5.915378 5.995505 6.076105 6.157172 6.238699 6.320680 6.403110 6.485981 6.569288 6.653025 6.737185 6.821763 6.906751 6.992145 7.077937 7.164122 7.250694 7.337646 7.424972 7.512666 7.600722 Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities 13: QUALIFYING THE BORROWER 8.500 8.625 8.750 8.875 9.000 9.125 9.250 9.275 9.500 9.625 9.750 9.875 10.000 10.125 10.250 10.375 10.500 10.625 10.750 10.875 11.000 11.125 11.250 11.375 11.500 11.625 11.750 11.875 12.000 12.125 12.250 12.375 12.500 12.675 12.750 12.875 9.847396 9.920804 9.994487 10.068441 10.142666 10.217160 10.291923 10.366952 10.442247 10.517805 10.593627 10.669709 10.746051 10.822652 10.899509 10.976622 11.053989 11.131609 11.209480 11.287600 11.365969 11.444585 11.523446 11.602551 11.681898 11.761486 11.841314 11.921379 12.001681 12.082217 12.162987 12.243989 12.325221 12.406682 12.488370 12.57028...
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