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Incorrect mortgage payments - Texas Instruments BA-II Plus Calculator

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Posted on May 23, 2010

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1 Answer

What is PMI?


PMI protects lenders against deficits that may occur whenever a customer defaults on the mortgage. PMI is needed on first mortgage purchase transactions once the customer has under a 20% lower payment. Likewise, it's needed on first mortgage re-finance transactions once the customer has 20% equity within the property being refinanced. The price of the mortgage insurance coverage is typically put into the monthly loan payment.

Dec 21, 2015 | Retail Supplies

1 Answer

How do I pay mortgage payment on line


Note: The names of the fields and controls on your bank's website may not be the same as the ones I've used. If you can't find the exact name, look for something similar

Set up where your payments will go.
  1. Make sure you have the name of your mortgage company and your account number.
  2. Go to your bank's online banking website.
  3. Open the Pay Bills page
  4. Open the Payees page
  5. Select Add a New Payee
  6. Look on the Payee List for the mortgage company
  7. If you find it, select it and enter your account number. If you don't find it, go to your bank branch and ask for help.
Make a payment
  1. Go to your bank's online banking website
  2. Open the Pay Bills page
  3. Select Pay a Bill
  4. Select the mortgage company from your list of payees
  5. Enter the payment amount
  6. Enter the date the payment is to be made. If you're making the payment now, you can probably leave the date blank.
  7. If the page allows paying of more than one bill at a time, there may be a box your have to check next to the payment entry you have made
  8. Click the Confirm Payment button.

Nov 30, 2015 | Office Equipment & Supplies

2 Answers

Can a person buying my home take over my mortgage


That depends on the lender, though most will allow a new buyer to assume the existing mortgage. Contact the lender to be sure.

Jan 27, 2014 | mortgagenewsdaily.com Computers & Internet

1 Answer

Need assitance catching up on mortage payment


Make more money and make the payment

Oct 17, 2013 | Computers & Internet

1 Answer

Will someone please walk me through the steps to calculate a mortgage payment on the BAII PLUS TEXAS INSTRUMENT. Please be specific. Thanks.


For a thirty-year, $100,000 mortgage at 8% annually, compute the monthly payment:

2nd [CLR TVM] ( clear the time value of money registers )
3 0 * 1 2 N ( thirty years at twelve payments per year )
8 I/Y ( 8% annual interest )
1 0 0 0 0 0 PV ( $100,000 mortgage )
CPT PMT ( compute payment )

You should see -733.76. The negative indicates payment, the amount is $733.76.

May 08, 2011 | Texas Instruments BA Real Estate...

3 Answers

How do I calculate a mortgage payment?


If $100,000.00 loan: enter 100000. in pv, if interest rate is 5%, enter 5 divided by 12 = %i if 30 year mortgage, enter 360 N enter 2nd PMT to get monthly principle and interest. You may have already solved this problem.

Aug 19, 2010 | Texas Instruments BA Real Estate...

1 Answer

Incorrect mortgage payments


clear your memory by hitting <2nd> then <FV>. It will clear out the memory of any values that may be stuck which will return incorrect answers

Aug 26, 2009 | Texas Instruments BA-II Plus Calculator

1 Answer

Wrong calculation of mortgage payment


Check to see if the word "BEGIN" appears on your screen. If so, you are calculating the payment on an "annuity due" basis, that is, the first payment is made on day one, and each period thereafter, rather than the first payment being due at the end of the first (30 days usually) period. To fix this, press the blue "g" button, and then press the number "8" (notice the word "end" printed on that key in blue ink). This should return you to the normal (first payment due at the end of the period) option.

Jun 30, 2008 | HP 12c Calculator

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