Piti-Principal, Interest, Tax, And Insurance Based On Annual Tax And Insurance Amounts - Texas Instruments BA Real Estate Supplementary Manual

PITI—Principal, Interest, Tax, and Insurance Based on
Annual Tax and Insurance Amounts
1. Clear TVM values (if not already cleared).
2. Enter annual tax amount.
3. Add annual insurance amount.
4. Calculate and enter total tax and insurance.*
5. Enter term of loan (in years).
6. Enter interest rate.
7. Enter loan amount.
8. Compute payment (principal and interest).
9. Compute PITI.
*
The calculator uses the TAX&INS$ amount, ignoring the TAX% and INS% settings. TAX% and INS% are used only when
TAX&INS$ is zero.
Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
Texas Instruments grants permission to reproduce this page for limited office use with clients. All other rights reserved.
9
BA Real Estate™ Worksheet
Ž