Calculated Industries Qualifier Plus IIIx Betriebsanweisung PDF herunterladen (Seite 35)

34 — Q

UALIFIER

LUS

III

PITI Payment (Tax and Insurance Entered as %)

Find the PITI payment on a 30-year, 6.5% mortgage if the home’s

selling price is $325,000 and the down payment is 5%. Annual prop-

erty 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 6 • 5 ˆ 6.50

Enter sales price 3 2 5 ) P 325,000.00

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 s I 0.45

Find loan amount l 308,750.00

Find P&I payment p “run” 1,951.51

Find PITI payment p 2,487.08

* You may enter Tax, Insurance, or Mortgage Insurance as a percentage or dollar

amount (i.e., ($)4225 t, ($)812.5 I, or ($)1389.38 s I).

Total Payment (Including Expenses) and Interest-Only Payment

Find the total payment (including principal, interest, tax/insurance

and mo. expenses) and the interest-only payment on a 30-year, 6%

loan if the home’s selling price is $330,000 and the down payment is

15%. (Local annual property taxes are estimated at $5,900, property

insurance at $500, mortgage insurance at $1,200, and mo. expens-

es — e.g., homeowner’s assn dues plus utilities — at $150.)

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter term in years 3 0 T 30.00

Enter annual interest 6 ˆ 6.00

Enter sales price 3 3 0 ) P 330,000.00

Enter down payment % 1 5 d 15.00

Find dollar $ d 49,500.00

Enter property tax 5 9 0 0 t 5,900.00

Enter property insurance 5 0 0 I 500.00

Enter mortgage insurance 1 2 0 0 s I 1,200.00

Enter monthly expenses 1 5 0 e 150.00

Find loan amount l 280,500.00

(Cont’d)

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