HP 12c Platinum - Page 9

Real Estate 9
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
gÂ
fCLEARG
20\
8-gA
gÂ
fCLEARG
20-
8³gA
144.00
Total number of months
remaining in original loan
(into n).
6.75gC 6.75gC
0.56
Monthly interest rate (into i).
200132.06$ 200132.06$
200,132.06
Loan amount (into PV).
P?0 P?0
-2,031.55
Monthly payment on existing
mortgage (calculated).
10gC 10gC
0.83
Monthly interest on wrap-
around.
300000Þ$ 300000Þ$
-300,000.00
Amount of wrap-around (into
PV).
P P
3,585.23
Monthly payment on wrap-
around (calculated).
:0+P +:0P
1,553.69
Net monthly payment
received (into PMT).
:$ :$
200132.06+$ +200132.06$
-99,867.94
Net cash advanced (into PV).
¼12§ ¼§12³
15.85
Nominal yield (IRR) to lender
(calculated).
Sometimes the wrap around mortgage will have a longer payback period than the original
mortgage, or a balloon payment may exist.
PV
1
P
M
T
2
for n
2
Years
B
AL
(+)
PV
2
P
M
T
1
for n
1
Years
(–)
... ...