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Calculating Tax and Insurance % or $
If loan variables are entered in addition to tax and insurance per-
centage rates or dollar values, the respective Tax/Insurance dollar
values or percentage rates can be viewed by simply pressing the
applicable keys a second time. For example, enter an annual prop-
erty tax rate of 1.5%, a property insurance rate of 0.25% and a mort-
gage insurance rate of 0.75%. Then enter a sales price of $250,000,
25% down, a term of 25 years and an interest rate of 8%. Calculate
the loan, monthly payments and annual tax and insurance dollar
amounts, or premiums.
STEPS
Clear calculator
Set Tax rate
Set Insurance rate
Set Mortgage Ins. rate
Enter Price
Enter Down Payment %
Enter Term
Enter Interest
Find Mortgage Amount
Recall property Tax %
Calculate property Tax $
Recall property Ins. %
Calculate property Ins. $
Recall Mortgage Ins. %
Calculate Mortgage Ins. $
Find P&I Payment
Find PITI Payment
Note: The same procedure can be performed to find the opposite — that is, find the
respective % rates based on entered annual dollar amounts or insurance premiums.
Simply enter the $ amounts and mortgage variables first, and the second press of the
respective key will calculate the percentage rate.
KEYSTROKES
o o
1 • 5 t
• 2 5 I
• 7 5 Â
2 5 0 ) P
2 5 d
3 0 T
8 ˆ
l
® t
t
® I
I
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p
p
DISPLAY
250,000.00
25.00
30.00
187,500.00
3,750.00
625.00
1,406.25
"run" 1,375.81
"run" 1,857.58
U
'
G
— 57
SER
S
UIDE
0.00
1.50
0.25
0.75
8.00
1.50
0.25
0.75
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