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Total PITH Payment with Percentages
Find both the P&I and PITH payment on
a new home priced at $125,000, with a
5% down payment at 8.75% interest for a
term of 25 years, given a 1% annual prop-
erty tax, 0.25% annual property insurance
and monthly heating expense of $80.
Steps/Keystrokes
1. Clear calculator:
[On/C] [On/C]
2. Set Tax rate:
1 [Tax]
3. Set Insurance rate:
.25 [Ins]
4. Enter monthly heating expense:
80 [Exp]
5. Enter annual interest, then term in
years:
8.75 [Int]
25 [Term]
6. Enter sales price:
125,000 [Price]
7. Enter down payment and find loan
amount:
5 [Dn pmt]
[L/A]
8. Find P&I and PITH payments:
[Pmt]
[Pmt]
24 — Qualifier Plus
"run"
IIcx
®
Display
0.00
1.00
0.25
80.00
CdA 8.75
25.00
125,000.00
5.00
118,750.00
963.79
1,174.00
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