Recalling Tax and Insurance Rates
Recall your stored rates:
Steps
Keystrokes
Display
Recall Tax rate
[Rcl] [Tax]
1.00
Recall Insurance rate
[Rcl] [Ins]
0.25
Recall Mortgage Ins. rate
[Rcl] [Mtg Ins]
0.15
Note: Pressing [On/C] [On/C] will set [Tax], [Ins] and [Mtg Ins] reg-
isters to zero. When in Pro-Mode ([Set] [+]), these become perma-
nent entries that can only be cleared by an All-Clear ([Set] [x]) or
by entering zeroes into the registers.
Total PITI Payment with Percentages
Find both the P&I and PITI payment on a new home with a
selling price of $125,000, a 5% down payment at 8.75% inter-
est for a term 15 years, given a 1% annual property tax and
0.25% annual property insurance.
Steps
Keystrokes
Display
Clear calculator
[On/C] [On/C]
0.00
Set Tax rate
1 [Tax]
1.00
Set Insurance rate
.25 [Ins]
0.25
Enter annual interest
8.75 [Int]
8.75
Enter term in years
15 [Term]
15.00
Enter sales price
125,000 [Price]
125,000.00
Enter down pmt
5 [Dn pmt]
5.00
Find loan amount
[L/A]
118,750.00
Find P&I payment
[Pmt]
“run” 1,186.85
Find PITI payment
[Pmt]
1,317.05
20 – Qualifier Plus
®
IIx DT
