Calculated-industries 3420 User Guide Manual de usuario descargar pdf (Pagina 57)

56 — Q

UALIFIER

LUS

III

PITI Payment (Tax and Insurance Entered as %)

Find the PITI payment on a 30-year, 8.4% loan if the home’s selling

price is $125,000 and the down payment is 5%. Annual property

taxes are estimated at 1.3%, annual property insurance at 0.25%

and annual mortgage insurance at 0.45%.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Term in years 3 0 T 30.00

Enter annual Interest rate 8 • 4 ˆ 8.40

Enter sales Price 1 2 5 ) P 125,000.00

Enter Down Payment 5 d 5.00

Set Tax rate 1 • 3 t 1.30

Set property Insurance rate • 2 5 I 0.25

Set Mortgage Insurance

rate • 4 5 Â 0.45

Find Loan Amount l 118,750.00

Find P&I Payment p “run” 904.68

Find PITI Payment p 1,110.67

PITI Payment (Tax and Insurance Entered as $)

Find the PITI payment on a 30-year, 7.25% loan if the home’s selling

price is $311,000 and the down payment is 20%. Local annual prop-

erty taxes are estimated at $5,900 and property insurance at $370.

Note: PMI or mortgage insurance is not included in this case, as the down payment is

20%.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Term in years 3 0 T 30.00

Enter annual Interest 7 • 2 5 ˆ 7.25

Enter sales Price 3 1 1 ) P 311,000.00

Enter Down Payment % 2 0 d 20.00

Find dollar $ d 62,200.00

Set Tax figure 5 9 0 0 t* 5,900.00

Set Insurance figure 3 7 0 I 370.00

Set Mortgage Ins. to zero 0 Â 0.00

Find Loan Amount l 248,800.00

Find P&I Payment p “run” 1,697.25

Find PITI Payment p 2,219.75

*Note: To view Tax/Insurance rates in their monthly and percent forms, press the

key three times — e.g., press

® t t t

to recall the annual property

tax, monthly property tax and % tax rate of $5,900, $491.67 and 1.9%, respectively.

3420UG-E-A 7/2/04 9:06 AM Page 56

1 2 ... 52 53 54 55 56 57 58 59 60 61 62 ... 83 84

Comentarios a estos manuales

Sin comentarios

Calculated-industries 3420 User Guide Manual de usuario Pagina 57

Comentarios a estos manuales

Relacionado con productos y manuales para Calculadoras, organizadores Calculated-industries 3420 User Guide