Calculated Industries 3416 Pocket Reference Guide - Manual (Page 33)

P
OCKET
R
EFERENCE
G
UIDE
— 29
STEPS KEYSTROKES DISPLAY
1. Enter Fixed-Rate Loan Values and
Find Total Payment:
Clear
o o 0.00
Enter loan 2 5 0 ) l
250,000.00
Enter down
payment 1 0 d 10.00
Find price P 277,777.78
Enter interest 6 • 5 ˆ 6.50
Enter term 3 0 T 30.00
Enter MI% • 6 2 s I 0.62
Clear Tax 0 t 0.00
Clear Insurance 0 I 0.00
Solve for P&I
payment p 1,580.17
Solve for PITI (including
PMI) p 1,709.34
2. Enter Combo Loan Values:
Enter 1st TD Interest
and Term 6 : 3 0 ! 6.00-30.00
Enter 2nd TD Interest
and Term 8 • 5 : 1 5 s
! 8.50-15.00
(Cont’d)