Calculated Industries Qualifier Plus IIIFX Guia do Utilizador Página 16

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P
OCKET REFERENCE GUIDE — 12
PITI Payment, Total Payment and
Interest-Only Payment
Term: 30 years
Interest: 6.25%
Sales price: $325,000
Down payment: 5%
Property taxes: 1.3%
Property insurance: 0.25%
Mortgage insurance: 0.45%
Find the Monthly PITI payment:
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter term 3 0 T 30.00
Enter interest 6 • 2 5 ˆ 6.25
Enter price 3 2 5 ) P
325,000.00
Enter Down% 5 d 5.00
Enter tax% 1 • 3 s 7 1.30
Enter insurance%
• 2 5 s 8 0.25
Enter MI% • 4 5 s 9 0.45
Find loan l 308,750.00
Find P&I
payment p “run” 1,901.03
Find PITI
payment p 2,436.60
— DO NOT CLEAR CALCULATOR —
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