Piti Payment (Tax And Insurance Entered As Percentage); Piti Payment (Tax And Insurance Entered As Dollar Amount) - Calculated Industries 3423 User Manual

PITI Payment (Tax and Insurance Entered as Percentage)

Find the PITI payment on a 30-year, 8.4% loan if the home's selling
price is $125,000 and the down payment is 5%. Annual property
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 rate
Enter sales Price
Enter Down Payment
Set Tax rate
Set property Insurance rate • 2 5 s t
Set Mortgage Insurance
rate
Find mortgage Amount
Find monthly P&I Payment p
Find monthly PITI Payment p

PITI Payment (Tax and Insurance Entered as Dollar Amount)

Find the PITI payment on a 30-year, 7.25% loan if the home's selling
price is $311,000 and the down payment is 20%. Local annual prop-
erty taxes are estimated at $5,900 and property insurance at $370.
Note: PMI or mortgage insurance is not included in this case, as the down payment is
20%.
STEPS
Clear calculator
Enter Term in years
Enter annual Interest
Enter sales Price
Enter Down Payment %
Find dollar $
Set Tax figure
Set Insurance figure
Set Mortgage Ins. to zero
Find Loan Amount
Find P&I Payment
Find PITI Payment
*Note: To view Tax/Insurance rates in their monthly and percent forms, press the t
or I key three times — e.g., press ® t t t to recall the annual property
tax, monthly property tax and % tax rate of $5,900, $491.67 and 1.9%, respectively.
58 — Q
UALIFIER
KEYSTROKES
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KEYSTROKES
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3 0 T
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p
p
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LUS X
DISPLAY
0.00
30.00
8.40
125,000.00
5.00
1.30
0.25
0.45
118,750.00
"run" 904.68
1,110.67
DISPLAY
0.00
30.00
7.25
311,000.00
20.00
62,200.00
5,900.00
370.00
0.00
248,800.00
"run" 1,697.25
2,219.75