Calculated-industries 3420 User Guide Manual do Utilizador descarregar pdf (Página 34)

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PITH Payment (Including Heating Expense and Property Tax

Entered as %)

Find the PITH payment on a 25-year, 7.63% mortgage if the home’s

selling price is $178,000 and the down payment is 5%. The annual

property tax is estimated at 1.3% and the monthly heating cost is

estimated at $150.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Term in years 2 5 T 25.00

Enter annual Interest 7 • 6 3 ˆ 7.63

Enter sales Price 1 7 8 ) P 178,000.00

Enter Down Payment 5 d 5.00

Set annual Tax rate 1 • 3 t 1.30

Find annual property Taxes t 2,314.00

Add mo. heating Expense 1 5 0 e 150.00

Find Mortgage Amount l 169,100.00

Find P&I Payment p “run” 1,250.90

Find PITI Payment* p 1,443.73

Find PITH/total Payment** p 1,593.73

*Adds monthly property tax to the monthly payment.

**Note that PITH payment calculations are approximate and do not include monthly

insurance premiums, sales taxes, or other applicable fees.

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