Calculated Industries 3125 - Manual (Page 24)

Total PITI Payment with Percentages
Find both the P&I and PITI payment on
a new home priced at $125,000, with a
5% down payment at 8.75% interest for a
term of 15 years, given a 1% annual prop-
erty tax, 0.25% annual property insurance.
Steps/Keystrokes Display
1. Clear calculator:
[On/C] [On/C] 0.00
2. Set Tax rate:
1 [Tax] 1.00
3. Set Insurance rate:
.25 [Ins] 0.25
4. Enter annual interest, then term in
years:
8.75 [Int]
8.75
15 [Term] 15.00
5. Enter sales price:
125,000 [Price] 125,000.00
6. Enter down payment and find loan
amount:
5 [Dn pmt]
5.00
[L/A] 118,750.00
7. Find P&I and PITI payments:
[Pmt] “run” 1,186.85
[Pmt] 1,317.05
24 — Real Estate Master ® IIx/Qualifier Plus ® IIx