Texas Instruments BA Real Estate - Monthly Payment and APR of a Refinanced Loan

Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
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BA Real Estate™ Worksheet
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Monthly Payment and APR of a Refinanced Loan
1. Clear TVM values (if not already cleared).
# -
2. Enter original term of loan (in years).
0
3. Enter interest rate.
1
4. Enter face value of mortgage loan.
2
5. Compute payment amount.
$ 3
6. Enter number of payment years.
0
7. Compute balance of original loan, and store
as amount of refinanced loan.
$ 4
t 2
8. Set FV to zero.
r 4
9. Enter term of refinanced loan.
0
10. Enter new interest rate.
1
11. Compute new monthly payment.
$ 3
12. Start APR.
N
13. Enter number of points.
j
j
14. Enter total fees.
j
15. View actual annual percentage rate.