Calculated Industries 3125 User Manual
Page 25
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Total PITI Payment with Dollar Values
Find both the P&I and PITI payment on
a new home selling for $134,000, and a
15% down payment at 7.75% interest for
a term of 30 years, given an estimated
annual property tax of $1,200 and a year-
ly $350 property insurance premium.
Steps/Keystrokes
Display
1. Clear calculator:
[On/C] [On/C]
0.00
2. Set Tax figure:
1,200 [Tax]
1,200.00
3. Set Insurance figure:
350 [Ins]
350.00
4. Enter annual interest, term in years and
sales price:
7.75 [Int]
7.75
30 [Term]
30.00
134,000 [Price]
134,000.00
5. Enter down payment then find the loan
amount:
15 [Dn pmt]
15.00
[L/A]
113,900.00
6. Find P&I and PITI payments:
[Pmt]
“run” 815.99
[Pmt]
945.16
User’s Guide — 25
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