Finding Sales Price & Monthly Payment Based on L/A & Down Pmt
Find your maximum sales price if you’ve been approved for
$125,000 loan and plan to put 20% down, and then find your
monthly payment at 9% interest over 30 years.
Steps
Keystrokes
Display
Clear calculator
[On/C] [On/C]
0.00
Enter loan amt
125,000 [L/A]
125,000.00
Enter down pmt %
20 [Dn Pmt]
20.00
Find sales price
[Price]
156,250.00
Enter term
30 [Term]
30.00
Enter interest
9 [Int]
9.00
Find monthly payment
[Pmt]
“run” 1,005.78
18 – Qualifier Plus
®
IIx DT
