Calculated Industries 3416 Pocket Reference Guide - Manual (Page 15)

P
OCKET
R
EFERENCE
G
UIDE
— 11
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
Down% 5 d 5.00
Set tax%* 1 • 3 t 1.30
Set insurance%
• 2 5 I 0.25
Set MI% • 4 5 s I 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 —
Find the total payment, if you estimate
homeowner’s association fees at $80/mo.
Also find the interest-only payment:
STEPS KEYSTROKES DISPLAY
Enter expenses 8 0 e 80.00
Find total pmt. p p p 2,516.60
Find interest-only
payment p 1,608.07
*Note: Perform the same steps when entering $
Tax/Ins. — e.g., $1,625 tax, enter
1 6 2 5 t .