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So in this example
we're going to find our principal and interest payment
that includes our tax and our insurance.
This function is also available on our Qualifier Plus Desktop and our
Qualifier Plus IIIFX.
So we will enter our
$250,000
loan amount.
We'll enter our 30
year term.
We're going to give them 5 percent interest
and we're going to enter their tax.
The tax amount can be entered as a percentage or as a dollar
amount, but today we're going to enter 1.25%.
That's an annual tax percentage
and then we're also going to enter a .5
insurance. Now that is an annual insurance percentage.
Then when we press the payment key
the first payment will be our P & I, principal and interest, but the second
press will be our PITI
which includes your tax, your insurance and everything you need.
So that's a quick overview of the PITI payment function. For more details
go to www.calculated.com/support.