Calculating Tax And Insurance Percent Or Dollars - Calculated Industries 3430 User Manual

Calculating Tax and Insurance Percent or Dollar
If loan variables are entered in addition to tax and insurance per-
centage rates or dollar values, the respective dollars values or per-
centage rates can be computed by simply pressing the applicable
keys a second time. For example, enter an annual property tax rate
of 1.5%, a property insurance rate of 0.25% and a mortgage insur-
ance rate of 0.50%. Then enter a sales price of $250,000, 10%
down, a term of 30 years and an interest rate of 8%. Calculate the
loan, payments, and annual tax and insurance dollar amounts, or
premiums:
STEPS
Clear calculator
Enter property Tax rate
Enter insurance rate
Enter Mortgage Insurance
rate
Enter Price
Enter Down Payment %
Enter Term in years
Enter annual Interest rate
Find Loan Amount
Recall property Tax %
Calculate property Tax $
Recall property insurance % ® 8
Calculate property
insurance $
Recall Mortgage Insurance % ® 9
Calculate Mortgage
Insurance $
Find monthly P&I Payment p
Find monthly PITI Payment p
Note: The same procedure can be performed to find the opposite — that is, to find
the percentage rates based on entered annual dollar amounts or insurance premi-
ums. Simply enter the tax/insurance dollar amounts and loan variables first, and press
® and the tax/insurance keys to calculate the percentage rate.
KEYSTROKES
o o
1 • 5 s 7
• 2 5 s 8
• 5 s 9
2 5 0 ) P
1 0 d
3 0 T
8 ˆ
l
® 7
® 7
® 8
® 9
DISPLAY
250,000.00
10.00
30.00
225,000.00
3,750.00
625.00
1,125.00
"run" 1,650.97
2,109.30
U ' G — 33
SER S UIDE
0.00
1.50
0.25
0.50
8.00
1.50
0.25
0.50