Calculated Industries 3126 - Manual (Page 25)

Total PITH Payment with Dollar Values
Find both the P&I and PITH payment on
a new home selling for $134,000, and a
15% down payment at 7.75% interest for
a term of 25 years, given an estimated
annual property tax of $1,200, a yearly
$350 property insurance premium and a
monthly heating expense of $100.
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 monthly heating expense:
100 [Exp] 100.00
5. Enter annual interest, term in years and
sales price:
7.75 [Int]
CdA 7.75
25 [Term] 25.00
134,000 [Price] 134,000.00
6. Enter down payment then find the loan
amount:
15 [Dn pmt]
15.00
[L/A] 113,900.00
7. Find P&I and PITH payments:
[Pmt] “run” 851.20
[Pmt] 1,080.37
User’s Guide — 25