Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
10
BA Real Estate™ Worksheet
Texas Instruments grants permission to reproduce this page for limited office use with clients. All other rights reserved.
PITI—Principal, Interest, Tax, and Insurance Based on
Tax and Insurance Percents
1. Clear TVM values (if not already cleared).
#
-
2. Enter local property-tax rate (if not already
entered).
#
Z
3. Enter local insurance rate (if not already
entered).
#
Q
4. Enter price.*
@
5. Enter term of loan (in years).
0
6. Enter interest rate.
1
7. Enter loan amount.
2
8. Compute payment (principal and interest).
$
3
9. Compute PITI.
$
&
*
You can omit this step. If you do, however, the tax and insurance amounts will be computed as percentages of the loan
amount, rather than the sales price of the property. This could result in underestimating PITI.
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