Calculated Industries 3416 User Guide - Manual (Page 49)

44 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
Amortization List for a Range of Payments or Years
For a $225,000, 30-year loan at 7.4% interest, find out how much
interest and principal you'll pay in payments 1-9, and then for years
1-10.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter loan amount 2 2 5 ) l 225,000.00
Enter interest 7 • 4 ˆ 7.40
Enter term 3 0 T 30.00
Find monthly P&I payment p “run” 1,557.85
Enter Payments #1-9 1 : 9 s b a “run” 1-9
Find interest a 12,449.13
Find principal a 1,571.56
Total principal and interest a 14,020.69
Find remaining balance a 223,428.44
Find remaining term a 29.25
Find mortgage interest deduction
for Payments #1-9 a 2,614.32
Enter Years #1-10 1 : 1 0 a “run” 1-120
Find interest a 156,798.68
Find principal a 30,143.87
Total principal and interest a 186,942.55
Find remaining balance a 194,856.13
Find remaining term a 20.00
Find mortgage interest deduction
for Years #1-10 a 32,927.72