Monthly Payment And Apr Of A Refinanced Loan - Texas Instruments BA Real Estate User Manual

Monthly Payment and APR of a Refinanced Loan

1. Clear TVM values (if not already cleared).
2. Enter original term of loan (in years).
3. Enter interest rate.
4. Enter face value of mortgage loan.
5. Compute payment amount.
6. Enter number of payment years.
7. Compute balance of original loan, and
store as amount of refinanced loan.
8. Set FV to zero.
9. Enter term of refinanced loan.
10. Enter new interest rate.
11. Compute new monthly payment.
12. Start APR.
13. Enter number of points.
14. Enter total fees.
15. View actual annual percentage rate.
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