Calculated Industries 3423 - Manual (Page 19)

Total (PITH) Payment
• Term: 25 years
• Interest: 7%
• Sales Price: $198,000
• Down Payment: 5%
• Property Tax: 1.3%
• Monthly heating expense: $100
Find the total (PITH) payment:
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter Term 2 5 T 25.00
Enter Interest 7 ˆ 7.00
Enter Price 1 9 8 ) P
198,000.00
Down% 5 d 5.00
Set Tax%* 1 • 3 t 1.30
Enter heating 1 0 0 s D 100.00
Find Mortgage l 188,100.00
Find P&I Pmt. p 1,317.48
Find total, or
(PITH) Pmt. p 1,631.98
*Note: Perform the same steps when entering a
dollar amount for tax — e.g., $2,574 (1.3%) tax,
enter
2 5 7 4 t .
P
OCKET
R
EFERENCE
G
UIDE
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