Calculated Industries 3416 Pocket Reference Guide - Manual (Page 14)

P
OCKET
R
EFERENCE
G
UIDE
— 10
Setting Tax and Insurance
Enter an annual property tax rate of 1.5%,
a property/homeowner’s insurance rate of
0.25% and a mortgage insurance rate of
0.50%:
STEPS KEYSTROKES DISPLAY
Set tax%* 1 • 5 t 1.50
Set insurance%
• 2 5 I 0.25
Set mortgage
insurance% • 5 0 s I 0.50
*Note: Do not label as a percent, or use the %
key; it is automatically registered as a percent.
To Enter Tax/Insurance in Dollar Figures: Enter
dollar values for tax/insurance in the same man-
ner — e.g., to enter $5,500 estimated annual
tax, enter
5 5 0 0 t .
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 PITI payment: