Total (PITH) Payment
• Term:
25 years
• Interest:
7%
• Sales Price:
$198,000
• Down Payment:
5%
• Property Tax:
1.3%
• Monthly heating expense:
$100
Find the total (PITH) payment:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter Term
2 5 T
25.00
Enter Interest
7 ˆ
7.00
Enter Price
1 9 8 ) P
198,000.00
Down%
5 d
5.00
Set Tax%*
1 • 3 t
1.30
Enter heating
1 0 0 s D
100.00
Find Mortgage
l
188,100.00
Find P&I Pmt.
p
1,317.48
Find total, or
(PITH) Pmt.
p
1,631.98
*Note: Perform the same steps when entering a
dollar amount for tax — e.g., $2,574 (1.3%) tax,
enter
2 5 7 4 t
.
P
OCKET
R
EFERENCE
G
UIDE
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