Calculated Industries 3125 - Manual (Page 25)

Total PITI Payment with Dollar Values
Find both the P&I and PITI payment on
a new home selling for $134,000, and a
15% down payment at 7.75% interest for
a term of 30 years, given an estimated
annual property tax of $1,200 and a year-
ly $350 property insurance premium.
Steps/Keystrokes Display
1. Clear calculator:
[On/C] [On/C] 0.00
2. Set Tax figure:
1,200 [Tax] 1,200.00
3. Set Insurance figure:
350 [Ins] 350.00
4. Enter annual interest, term in years and
sales price:
7.75 [Int]
7.75
30 [Term] 30.00
134,000 [Price] 134,000.00
5. Enter down payment then find the loan
amount:
15 [Dn pmt]
15.00
[L/A] 113,900.00
6. Find P&I and PITI payments:
[Pmt] “run” 815.99
[Pmt] 945.16
User’s Guide — 25