Calculated Industries 43285 - Manual (Page 22)

Total PITI Payment with Dollar Values
Find both the P&I and PITI payment on a new home with a
$134,000 selling price, 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 yearly $350 property insurance premium.
Steps Keystrokes Display
Clear calculator [On/C] [On/C] 0.00
Set tax figure 1,200 [Tax] 1,200.00
Set insurance figure 350 [Ins] 350.00
Enter annual interest 7.75 [Int] 7.75
Enter term in years 30 [Term] 30.00
Enter sales price 134,000 [Price] 134,000.00
Enter down pmt 15 [Dn pmt] 15.00
Find loan amount [L/A] 113,900.00
Find P&I payment [Pmt] “run” 815.99
Find PITI payment [Pmt] 945.16
21 – User’s Guide