Calculated Industries 3430 Pocket Reference Manual - Ocket
Other manuals for 3430:
User Manual
Manual is about: ADVANCED RESIDENTIAL REAL ESTATE FINANCE CALCULATOR with CASH FLOW and COMPLETE BUYER QUALIFYING
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P
OCKET
R
EFERENCE
G
UIDE
— 12
PITI Payment, Total Payment and
Interest-Only Payment
• Term: 30 years
• Interest: 6.25%
• Sales price: $325,000
• Down payment: 5%
• Property taxes: 1.3%
• Property insurance: 0.25%
• Mortgage insurance: 0.45%
Find the Monthly PITI payment:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter term
3 0 T
30.00
Enter interest
6 • 2 5 ˆ
6.25
Enter price
3 2 5 ) P
325,000.00
Enter Down%
5 d
5.00
Enter tax%
1 • 3 s 7
1.30
Enter insurance%
• 2 5 s 8
0.25
Enter MI%
• 4 5 s 9
0.45
Find loan
l
308,750.00
Find P&I
payment
p
“run” 1,901.03
Find PITI
payment
p
2,436.60
— DO NOT CLEAR CALCULATOR —