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APR and Total Finance Charges Including Mortgage Insurance

APR and Total Finance Charges Including Mortgage Insurance. Loan: $250,000 Term: 30 years Interest: 7% Cost: 1.5 points + $550 Mortgage Insurance/MI: $1,200/year. Steps Keystrokes Display Clear 0.00 Enter loan 250 000 250,000.00 Enter Term 30 30.00 Enter Interest 7 7.00

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APR and Total Finance Charges Including Mortgage Insurance

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  1. APR and Total Finance ChargesIncluding Mortgage Insurance

  2. Loan: $250,000Term: 30 yearsInterest: 7%Cost: 1.5 points + $550Mortgage Insurance/MI: $1,200/year StepsKeystrokesDisplay Clear0.00 Enter loan 250 000 250,000.00 Enter Term 30 30.00 Enter Interest 7 7.00 Find P&I pmt 1,663.26 Enter MI 1200 1,200.00 On/C On/C Loan Amt Term Int Pmt Shift Ins

  3. Find Loan Costs Steps Keystrokes Display Recall Loan 250,000.00 Find Points 1.5 3,750.00 Add fees and find total 550 4,300.00 Find APR 7.77 Find total chgs 389,072.25 Amt financed 245,700.00 Total cost 634,772.25 P&I Payment 1,663.26 Monthly MI 100.00 PIMI Pmt 1,763.26 Loan Amt Rcl X % = + = Shift Int Int Int Int Int Int Int

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