Calculated Industries Real Estate Master IIx User Manual page 24

Total PITI Payment with Percentages
Find both the P&I and PITI payment on
a new home priced at $125,000, with a
5% down payment at 8.75% interest for a
term of 15 years, given a 1% annual prop-
erty tax, 0.25% annual property insurance.
Steps/Keystrokes
1. Clear calculator:
[On/C] [On/C]
2. Set Tax rate:
1 [Tax]
3. Set Insurance rate:
.25 [Ins]
4. Enter annual interest, then term in
years:
8.75 [Int]
15 [Term]
5. Enter sales price:
125,000 [Price]
6. Enter down payment and find loan
amount:
5 [Dn pmt]
[L/A]
7. Find P&I and PITI payments:
[Pmt]
[Pmt]
24 — Real Estate Master
"run" 1,186.85
IIx/Qualifier Plus
®
Display
0.00
1.00
0.25
8.75
15.00
125,000.00
5.00
118,750.00
1,317.05
IIx
®