User guide

Estimated “After-Tax” Payment
Buyers in the 28% income tax bracket
want to finance a $150,000 mortgage for
30 years at 9.75% interest. If they pay
$1,500 in annual property taxes and $350
in annual insurance, find the estimated
“after-tax” monthly payment. Note: This
“after–tax” payment is an estimation because
it does not include tax variables pertaining to
an individual’s tax situation, different tax
laws, etc. When figuring accurate/detailed
tax information, consult a tax specialist.
Steps/Keystrokes Display
1. Clear calculator:
[On/C] [On/C] 0.00
2. Enter annual taxes and insurance:
1,500 [Tax] 1,500.00
350 [Ins] 350.00
3. Enter annual interest, term in years,
then loan amount:
9.75 [Int] 9.75
30 [Term] 30.00
150,000 [L/A] 150,000.00
4. Find P&I and PITI payments:
[Pmt] “run” 1,288.73
[Pmt] 1,442.90
5. Enter tax bracket to find annual and
monthly tax deductions, then “after-tax”
payment:
28 [Set] [Pmt] 4,504.20
[Pmt] 375.35
[Pmt] 1,067.55
— DO NOT CLEAR CALCULATOR —
26 — Real Estate Master
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