Total PITI Payment with Dollar Values
Find both the P&I and PITI payment on a new home with a
$134,000 selling price, 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 yearly $350 property insurance premium.
Steps
Keystrokes
Display
Clear calculator
[On/C] [On/C]
0.00
Set tax figure
1,200 [Tax]
1,200.00
Set insurance figure
350 [Ins]
350.00
Enter annual interest
7.75 [Int]
7.75
Enter term in years
30 [Term]
30.00
Enter sales price
134,000 [Price]
134,000.00
Enter down pmt
15 [Dn pmt]
15.00
Find loan amount
[L/A]
113,900.00
Find P&I payment
[Pmt]
“run” 815.99
Find PITI payment
[Pmt]
945.16
21 – User’s Guide
