Calculated Industries 3126 - Manual (Page 21)

Finding Sales Price and Monthly Payment
Based on L/A & Down Pmt
Find your maximum Sales Price if
approved for a $125,000 loan with a 20%
down. Find your monthly payment at 9%
interest over 25 years.
Steps/Keystrokes Display
1. Clear calculator:
[On/C] [On/C] 0.00
2. Enter loan amount:
125,000 [L/A] 125,000.00
3. Enter down payment percent then find
sales price:
20 [Dn Pmt]
20.00
[Price] 156,250.00
4. Enter term and interest, then find
monthly payment:
25 [Term]
25.00
9 [Int] CdA 9.00
[Pmt] “run” 1,034.97
Taxes & Insurance/PITH Payment
Your calculator will temporarily store
Property Tax, Property Insurance,
Mortgage Insurance rates and Heating
Expenses to allow you to compute a
PITH (Principal, Interest, Taxes &
Heating) payment as well as a regular
P&I payment. These figures can be
entered as dollar amounts or percent-
ages. If entered as percentages, the Sales
Price or Loan Amount can be changed
and tax and insurance will recalculate
User’s Guide — 21