154 Calyx SoftwareDisclosures and other forms• First lien• Fixed Rate loan• Purchase9 Enter the sales price, down payment, and appraised value of the property.The Loan Amt field is automatically calculated.The w/MIP, FF field is automatically calculated if an up-front mortgage insurancepremium or a funding fee is being added to the APR.10 Complete the Note Rate and Term Due fields.11 Click the Mth Pmt button to open the Monthly Payment Settings dialog box.Use the Monthly Payment Settings dialog box to set the payment structure and theloan terms and specifications. This dialog box is also accessible from the LoanApplication and these fields are also on the Truth-In-Lending screen. These fieldsare populated in all screens when completed.The Mth Pmt field is automatically calculated.12 Click the Income button to open the Income Information dialog box to enter theincome for the borrower and co-borrower.13 Click the HE & Oblig button to open the Housing Exp & Other Obligations dialogbox to enter monthly payment obligations.The Other Pmts field is automatically calculated from information that is enteredHousing Exp & Other Obligations dialog box or the Loan Application.TipYou can also enter income information and housing expenses on page 2of the Loan Application.
