Piti Payment (Tax And Insurance Entered As %); Total Payment (Including Expenses) And Interest-Only Payment - Calculated Industries 3415 User Manual

PITI Payment (Tax and Insurance Entered as %)

Find the PITI payment on a 30-year, 6.5% mortgage if the home's
selling price is $325,000 and the down payment is 5%. Annual prop-
erty taxes are estimated at 1.3%, annual property insurance at
0.25%, and annual mortgage insurance at 0.45%.
STEPS
Clear calculator
Enter term in years
Enter annual interest
Enter sales price
Enter down payment
Set tax rate*
Set property insurance rate* • 2 5 I
Set mortgage insurance rate* • 4 5 s I
Find loan amount
Find P&I payment
Find PITI payment
* You may enter Tax, Insurance, or Mortgage Insurance as a percentage or dollar
amount (i.e., ($)4225 t , ($)812.5 I , or ($)1389.38 s I ).

Total Payment (Including Expenses) and Interest-Only Payment

Find the total payment (including principal, interest, tax/insurance
and mo. expenses) and the interest-only payment on a 30-year, 6%
loan if the home's selling price is $330,000 and the down payment is
15%. (Local annual property taxes are estimated at $5,900, property
insurance at $500, mortgage insurance at $1,200, and mo. expens-
es — e.g., homeowner's assn dues plus utilities — at $150.)
STEPS
Clear calculator
Enter term in years
Enter annual interest
Enter sales price
Enter down payment %
Find dollar $
Enter property tax
Enter property insurance
Enter mortgage insurance 1 2 0 0 s I
Enter monthly expenses
Find loan amount
34 — Q
UALIFIER
KEYSTROKES
o o
3 0 T
6 • 5 ˆ
3 2 5 ) P
5 d
1 • 3 t
l
p
p
KEYSTROKES
o o
3 0 T
6 ˆ
3 3 0 ) P
1 5 d
d
5 9 0 0 t
5 0 0 I
1 5 0 e
l
P ® III
LUS X
DISPLAY
0.00
30.00
6.50
325,000.00
5.00
1.30
0.25
0.45
308,750.00
"run" 1,951.51
2,487.08
DISPLAY
0.00
30.00
6.00
330,000.00
15.00
49,500.00
5,900.00
500.00
1,200.00
150.00
280,500.00
(Cont'd)